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SHARECAFE COMMENTARY

STO - UBS rates the stock as Sell
BY BROKER NEWS - 25/01/2018 | VIEW MORE BROKER UPDATES

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STO - SANTOS LIMITED


December quarter production was in line although a large increase in realised prices meant revenue beat UBS estimates. The broker notes a good quarter for GLNG, but this was driven by gas purchase from QC LNG.

There is no change to 2018 guidance and an oil hedging loss has been flagged as prices rise above US$60/bbl.

The broker still considers the stock one of the more expensive under coverage. Sell retained. Price target rises to $5.25 from $5.20.

Sector: Energy.

Target price is $5.25.Current Price is $5.24. Difference: $0.01 - (brackets indicate current price is over target). If STO meets the UBS target it will return approximately 0% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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