Santos (OTCMKTS:SSLZY) Stock Price Down 1.8% – Should You Sell?

Santos Limited (OTCMKTS:SSLZY) was down 1.8% on Monday . The company traded as low as $5.57 and last traded at $5.60. Approximately 197,507 shares changed hands during trading, an increase of 87% from the average daily volume of 105,667 shares. The stock had previously closed at $5.70.

Analysts Set New Price Targets

A number of analysts have recently commented on SSLZY shares. Royal Bank Of Canada upgraded Santos from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, February 18th. Sanford C. Bernstein upgraded Santos from a “market perform” rating to an “outperform” rating and set a $7.30 price target for the company in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $7.30.

Santos Stock Down 2.9%

The business has a fifty day moving average of $4.99 and a two-hundred day moving average of $4.54.

About Santos

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.