Santos (OTCMKTS:SSLZY) Stock Price Up 1.9% – Still a Buy?

Santos Limited (OTCMKTS:SSLZY) rose 1.9% during trading on Monday . The company traded as high as $5.8799 and last traded at $5.77. Approximately 64,569 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 104,913 shares. The stock had previously closed at $5.66.

Analysts Set New Price Targets

Several research firms have issued reports on SSLZY. Sanford C. Bernstein raised shares of Santos from a “market perform” rating to an “outperform” rating and set a $7.30 price target on the stock in a research note on Tuesday, January 6th. Royal Bank Of Canada raised shares of Santos from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $7.30.

Santos Trading Up 1.9%

The company’s 50 day simple moving average is $5.29 and its 200-day simple moving average is $4.61.

Santos Company Profile

Santos Limited (OTCMKTS:SSLZY) is an independent exploration and production company headquartered in Adelaide, Australia. Established in 1954, the firm focuses on the development, production and marketing of natural gas, liquefied natural gas (LNG), condensate and crude oil. Santos operates a diversified portfolio of upstream assets that span conventional and unconventional resources, with an emphasis on long-life reserves and high-value gas projects.

The company’s core activities encompass the exploration for hydrocarbon resources, project development and operational management of producing fields.