Latest news with #SantosLimited
Business Insider
18-07-2025
- Business
- Business Insider
Morgan Stanley Keeps Their Hold Rating on Santos Limited (STOSF)
In a report released today, Robert Koh from Morgan Stanley maintained a Hold rating on Santos Limited, with a price target of A$8.88. The company's shares closed last Wednesday at $4.98. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Koh is a 3-star analyst with an average return of 2.3% and a 52.05% success rate. Koh covers the Energy sector, focusing on stocks such as Origin Energy Limited, Ampol Limited, and Santos Limited. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Santos Limited with a $5.19 average price target. 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
Business Insider
07-07-2025
- Business
- Business Insider
Santos Limited (STOSF) was downgraded to a Hold Rating at Morgan Stanley
Morgan Stanley analyst Robert Koh downgraded Santos Limited to a Hold today and set a price target of A$8.80. The company's shares closed last Monday at $5.05. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Koh covers the Energy sector, focusing on stocks such as Ampol Limited, Origin Energy Limited, and Viva Energy Group Ltd.. According to TipRanks, Koh has an average return of 2.3% and a 52.86% success rate on recommended stocks. In addition to Morgan Stanley, Santos Limited also received a Hold from Bernstein's Neil Beveridge in a report issued on June 24. However, on July 3, UBS maintained a Buy rating on Santos Limited (Other OTC: STOSF). The company has a one-year high of $5.77 and a one-year low of $3.25. Currently, Santos Limited has an average volume of 7,619.
ABC News
04-07-2025
- Business
- ABC News
Santos considering plans to 'simplify' SA's Port Bonython site, putting jobs at risk says union
Santos Limited is reviewing its operations at its Port Bonython site to see how it can "simplify" them, putting a number of local jobs at risk. The facility is located about 400 kilometres north-west of Adelaide and 30 kilometres north-east of Whyalla, in the Upper Spencer Gulf. In a statement, a Santos spokesperson said it "continuously assesses options to improve the long-term sustainability" of its operations. "Santos is currently considering a proposal to simplify operations at Port Bonython and, as part of the process, is consulting with staff before a final decision is made," they said. "This proposal is part of our long-term plan to keep our Cooper Basin activities profitable while actively reducing emissions from our operations in line with our safeguard mechanism obligations. "No decisions have been made yet." When asked by the ABC if jobs would be at risk, Santos Limited did not comment. Around 50 people work at the Port Bonython site, which is a gas fractionation plant with a deep-water port and a storage facility. Crude and naphtha products processed there are shipped to be used in fuels and manufacturing in energy markets around Australia and Asia. Australian Workers Union (AWU) South Australia branch secretary Gary Henderson said Santos informed it earlier this week that the company had begun assessing its Port Bonython operations. "There's no indication in the exact amount of actual jobs [that could be lost]," Mr Henderson said. "But my understanding is that out of the process, if it is approved, there will be excess employees … at the Port Bonython site. "Santos have said that their first port of call will be to redeploy those people … but there could be some redundancies." Mr Henderson said the consultation process would run until the end of the month, but there was no guarantee it would go the way workers hoped. "They [Santos] just need to consider it as part of their decision-making process," he said. Mr Henderson said workers were fearful, but it was not all "doom and gloom". "I've spoken to a few of our members down there … they're a little bit anxious because they're not quite sure about who's going to get a job, where they're going to be working in the future, those kinds of things," he said. "But it's a pretty long process, and my understanding is that if they [Santos] do enact the change, it won't go ahead until about this time next year. "No job losses in any site is a good thing by any means at all, but it's just about adapting as well."
Business Insider
17-06-2025
- Business
- Business Insider
Santos Limited (STOSF) Gets a Buy from UBS
In a report released today, Tom Allen from UBS maintained a Buy rating on Santos Limited (STOSF – Research Report), with a price target of A$7.90. The company's shares closed yesterday at $4.96. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Allen is a 4-star analyst with an average return of 7.8% and a 58.78% success rate. Allen covers the Energy sector, focusing on stocks such as Origin Energy Limited, Santos Limited, and Beach Energy . The word on The Street in general, suggests a Strong Buy analyst consensus rating for Santos Limited with a $4.80 average price target, a -3.23% downside from current levels. In a report released today, Macquarie also maintained a Buy rating on the stock with a A$8.85 price target. The company has a one-year high of $5.77 and a one-year low of $3.25. Currently, Santos Limited has an average volume of 8,897. 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
17-06-2025
- Business
- Business Insider
Macquarie Sticks to Their Buy Rating for Santos Limited (STOSF)
In a report released today, Mark Wiseman from Macquarie maintained a Buy rating on Santos Limited (STOSF – Research Report), with a price target of A$8.85. The company's shares closed yesterday at $4.96. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Wiseman is a 3-star analyst with an average return of 1.4% and a 47.67% success rate. Wiseman covers the Energy sector, focusing on stocks such as Amplitude Energy, Ampol Limited, and Santos Limited. In addition to Macquarie, Santos Limited also received a Buy from Citi's Paul McTaggart in a report issued yesterday. However, on the same day, Morgans downgraded Santos Limited (Other OTC: STOSF) to a Sell. STOSF market cap is currently $14.62B and has a P/E ratio of 11.67. 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.
