Santos Ltd
STO: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$67.40 | Fzrs | Wjjgxszmk |
Santos: Robust Performance Means Guidance Is Maintained; Development Projects Advance
Our AUD 12.30 fair value estimate for no-moat Santos stands. We see no longer-term implication in Australia’s second-largest oil and gas producer reporting better-than-expected average third-quarter oil and gas price achievement, only partially offset by marginally lower-than-anticipated production.