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STO $6.27

JP Morgan has a target of $11.77 for STO

  1. Mr.Dollar

    1,100 Posts.
    7
    STO - SANTOS LIMITED

    JP Morgan rates STO as Overweight (1) - JP Morgan is concerned the oil rally will be shortlived as US crude inventories build and the physical oversupply gradually unwinds without the help of OPEC.
    Hence, the outlook for Santos remains tenuous from a ratings perspective, with little room to manouvre, despite Standard & Poor's reaffirming the company's rating and providing some comfort on the outlook.
    The broker also believes there is little room for error from an operational perspective in delivering GLNG on time and on budget in the current climate.

    An Overweight rating and $11.77 target are retained.

    Target price is $11.77 Current Price is $8.36 Difference: $3.41 If STO meets the JP Morgan target it will return approximately 41% (excluding dividends, fees and charges).
    The company's fiscal year ends in December. JP Morgan forecasts a full year FY14 dividend of 40.00 cents and EPS of 41.00 cents . At the last closing share price the estimated dividend yield is 4.78%.
    At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.39.

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