Is Santos a buy or sell?

The overall consensus recommendation for Santos is Buy.

Why are Santos shares dropping?

Just yesterday, Santos shares hit a 52-week high of $8.11, alongside climbing oil prices. However, the price of oil eased overnight, which could be contributing to the drop in the Santos share price today. Additionally, the company today provided an update on its Dorado project in Western Australia.

Is STO a good investment?

Investing in the stock market can offer several benefits, including the potential to earn dividends or an average annualized return of 10%. The stock market can be volatile, so returns are never guaranteed. You can decrease your investment risk by diversifying your portfolio based on your financial goals.

What’s happening with Santos?

Santos is pleased to announce that the merger with Oil Search is now effective following the approvals by Oil Search shareholders and the National Court of Papua New Guinea. Oil Search shareholders will receive 0.6275 new Santos shares for each Oil Search share held on the record date of 14 December 2021.

Is Beach Energy a buy?

Specifically, 14 analysts — or around 74% of the list — reckon that Beach Energy is a buy, while just 3 have it as a hold and 2 as a sell. According to the list, the consensus price target for the next 12 months is $1.64, implying an upside potential of 35% at the time of writing.

What happens to my Oil Search shares?

Oil Search is officially no more Instead, new Santos shares issued to former Oil Search shareholders will begin trading on a normal settlement basis. The final takeover deal saw Oil Search shareholders receiving 0.6275 Santos shares for each Oil Search security owned.

Is Santos an Australian owned company?

A proudly Australian company, Santos is a leading supplier of natural gas, a fuel for the future providing clean energy to improve the lives of people in Australia and Asia. Santos is already Australia’s biggest domestic gas supplier and aims to be a leading Asia-Pacific LNG supplier.

Is BPT ASX good buy?

PE vs Industry: BPT is good value based on its PE Ratio (8.9x) compared to the Australian Oil and Gas industry average (12.5x). PE vs Market: BPT is good value based on its PE Ratio (8.9x) compared to the Australian market (17.9x).

Why is Beach Energy share price so low?

Beach Energy said the drop was driven by declines in supplies, and planned and unscheduled maintenance at its Cooper Basin joint venture and Western Flanks.