STO 0.94% $6.86 santos limited

Macquarie

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    Earnings and target price revision  2015E NPAT rises by 11% to A$466m: Lower non-cash DD&A charges and interest costs drive the material upgrade. 2015E operating cash flow rises by 10% due to lower than anticipated cash taxes. NAV falls by 1% to A$12.75/sh, reflecting a lower carrying value for Gunnedah Basin. Price catalyst  12-month price target: A$12.00 based on a DCF methodology.  Catalyst: STO will report 2014 financial results on 20 February. Action and recommendation  Maintain an Outperform and an A$12/sh target: While the impairments are large, they are more a reflection of STO's marginal/mature oil asset base (which should surprise few) and the high price paid for Eastern Star Gas
 
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Last
$6.86
Change
-0.065(0.94%)
Mkt cap ! $14.97B
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$6.90 $6.94 $6.80 $12.60M 1.843M

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No. Vol. Price($)
35 24310 $6.85
 

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$6.86 16895 38
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Last update - 13.25pm 26/03/2019 (20 minute delay) ?
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Last
$6.84
  Change
-0.065 ( 1.02 %)
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$6.91 $6.92 $6.80 563391
Last updated 13.43pm 26/03/2019 (live) ?
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