Latest news with #AdrianPrendergast
Business Insider
5 days ago
- Business
- Business Insider
Santos Limited (STOSF) was downgraded to a Sell Rating at Morgans
In a report released today, Adrian Prendergast from Morgans downgraded Santos Limited (STOSF – Research Report) to a Sell, with a price target of A$6.90. The company's shares closed today at $4.96. Confident Investing Starts Here: Prendergast covers the Energy sector, focusing on stocks such as Beach Energy , Karoon Energy Ltd, and Santos Limited. According to TipRanks, Prendergast has an average return of 12.1% and a 53.71% success rate on recommended stocks. Currently, the analyst consensus on Santos Limited is a Strong Buy with an average price target of $4.80. Based on Santos Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.69 billion and a net profit of $588 million. In comparison, last year the company earned a revenue of $2.92 billion and had a net profit of $626 million Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STOSF in relation to earlier this year.
Business Insider
04-06-2025
- Business
- Business Insider
Fortescue Metals Group Ltd (FSUMF): New Buy Recommendation for This Basic Materials Giant
Morgans analyst Adrian Prendergast upgraded Fortescue Metals Group Ltd (FSUMF – Research Report) to a Buy today and set a price target of A$18.80. The company's shares closed last Monday at $10.00. Confident Investing Starts Here: Prendergast covers the Energy sector, focusing on stocks such as Karoon Energy Ltd, Beach Energy , and Amplitude Energy. According to TipRanks, Prendergast has an average return of 12.0% and a 51.74% success rate on recommended stocks. In addition to Morgans, Fortescue Metals Group Ltd also received a Buy from Morgan Stanley's Rahul Anand in a report issued on May 23. However, on the same day, UBS maintained a Hold rating on Fortescue Metals Group Ltd (Other OTC: FSUMF). FSUMF market cap is currently $29.91B and has a P/E ratio of 7.89. Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FSUMF in relation to earlier this year.
Business Insider
23-04-2025
- Business
- Business Insider
Morgans Remains a Buy on South32 Ltd. (S32)
Morgans analyst Adrian Prendergast maintained a Buy rating on South32 Ltd. (S32 – Research Report) today and set a price target of A$4.30. The company's shares closed today at p126.80. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. According to TipRanks, Prendergast is a 4-star analyst with an average return of 9.9% and a 48.24% success rate. Prendergast covers the Energy sector, focusing on stocks such as Karoon Energy Ltd, Beach Energy Limited, and Amplitude Energy. In addition to Morgans, South32 Ltd. also received a Buy from RBC Capital's Kaan Peker in a report issued today. However, on April 18, Jefferies maintained a Hold rating on South32 Ltd. (LSE: S32). S32 market cap is currently £5.81B and has a P/E ratio of 52.00. Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of S32 in relation to earlier this year.
