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Santos Limited ( (AU:STO) ) has issued an update.
Santos Limited has had its ‘BBB’ credit rating with a stable outlook reaffirmed by Fitch Ratings, highlighting its strong business profile and diversified asset base. The rating reflects Santos’ disciplined low-cost operating model, which has enabled the company to maintain low production costs despite industry inflation and invest in major growth projects. These projects are expected to enhance production and shareholder returns, with a target payout ratio of up to 100% of free cash flow through dividends and share buybacks by 2026. The reaffirmed credit rating supports Santos’ access to global debt capital markets and underscores its financial resilience.
The most recent analyst rating on (AU:STO) stock is a Hold with a A$7.60 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 leading energy company with diversified assets across onshore and offshore basins in Australia, Timor Leste, USA, and Papua New Guinea. The company is primarily involved in the production and distribution of natural gas, with a focus on long-term domestic gas fixed-price contracts that provide revenue stability.
Average Trading Volume: 11,233,948
Technical Sentiment Signal: Buy
Current Market Cap: A$21.58B
Find detailed analytics on STO stock on TipRanks’ Stock Analysis page.