Santos (OTCMKTS:SSLZY) Stock Price Down 1.8% – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Santos Stock Down 1.8%

The firm has a 50 day moving average of $4.94 and a 200 day moving average of $4.53.

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.