Santos (OTCMKTS:SSLZY) Trading Up 1.4% – Time to Buy?

Santos Limited (OTCMKTS:SSLZY)’s share price was up 1.4% on Monday . The company traded as high as $5.01 and last traded at $4.99. Approximately 39,443 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 129,069 shares. The stock had previously closed at $4.92.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SSLZY. Wall Street Zen raised shares of Santos to a “hold” rating in a report on Sunday, October 12th. Sanford C. Bernstein raised Santos from a “market perform” rating to an “outperform” rating and set a $7.30 price objective for the company in a research note on Tuesday, January 6th. Finally, Royal Bank Of Canada downgraded Santos from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Santos presently has an average rating of “Moderate Buy” and an average target price of $7.30.

Santos Stock Performance

The business has a 50 day moving average price of $4.30 and a 200 day moving average price of $4.53.

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.