Santos Dropped From S&P/ASX 20 in March Index Rebalance

The latest announcement is out from Santos Limited ( (AU:STO) ).

S&P Dow Jones Indices will remove Santos Limited from the blue-chip S&P/ASX 20 Index at the March 2026 quarterly rebalance, replacing it with Northern Star Resources, signalling a relative decline in Santos’s index standing against other large-cap names. The reshuffle, effective 23 March, also brings multiple resources and energy-related companies into higher tiers of the S&P/ASX indices, which may redirect index-tracking and passive investment flows across the Australian market and subtly shift sector weightings toward materials and energy exposures.

The most recent analyst rating on (AU:STO) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Santos Limited stock, see the AU:STO Stock Forecast page.

More about Santos Limited

Santos Limited is a major Australian oil and gas producer focused on exploration, production and supply of natural gas, LNG and related energy products to domestic and Asia-Pacific markets. The company is a key participant in the S&P/ASX indices universe and has historically been regarded as one of Australia’s larger energy stocks, attracting significant institutional and index-linked investment.

Average Trading Volume: 10,995,075

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$23.59B

For detailed information about STO stock, go to TipRanks’ Stock Analysis page.