STO.AX - Santos Limited

ASX - ASX Delayed Price. Currency in AUD
6.04
+0.10 (+1.68%)
At close: 4:10PM AEST
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Previous Close5.94
Open6.08
Bid0.00 x 0
Ask0.00 x 0
Day's Range6.01 - 6.09
52 Week Range2.87 - 6.46
Volume2,801,998
Avg. Volume6,908,622
Market Cap12.581B
Beta2.04
PE Ratio (TTM)N/A
EPS (TTM)-0.17
Earnings DateAug 23, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2016-02-24
1y Target Est4.24
  • Is Santos Limited’s (ASX:STO) Balance Sheet Strong Enough To Weather A Storm?
    Simply Wall St.2 days ago

    Is Santos Limited’s (ASX:STO) Balance Sheet Strong Enough To Weather A Storm?

    Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Santos Limited (ASX:STO) with a market-capitalization of AU$12.81b, rarely draw their attention. Surprisingly though, when accounted forRead More...

  • Reuters3 days ago

    Australia no longer expects gas shortfall before 2030

    Australia no longer faces a looming gas shortage, thanks to government pressure on exporters to divert the commodity into local markets and a reduced demand forecast for gas-fired power, according to estimates from the nation's energy market operator. "No supply gaps are forecast before 2030 under expected market conditions," the Australian Energy Market Operator (AEMO) said on Friday in its annual outlook for gas.

  • Reuters4 days ago

    Australia says no longer faces gas shortfall before 2030

    Australia no longer faces a looming gas shortage, thanks to government pressure on exporters to divert gas into the domestic market and reduced demand forecast for gas-fired power, according to the latest estimates from the nation's energy market operator. "No supply gaps are forecast before 2030 under expected market conditions," the Australian Energy Market Operator said on Friday in its annual outlook for gas.

  • Reuters13 days ago

    Graphic - Asian coal and gas markets roar into top gear as region revs up demand

    Thermal coal and gas prices have coursed into a bull run, propelled by particularly strong demand across Asia, where electricity consumption is surging thanks to healthy economic growth just as seasonal needs rise with the start of summer. Spot thermal coal cargo prices for export from Australia's Newcastle terminal (GCLNWCPFBMc1) last settled at $117 per tonne, the highest level since February 2012. Coal prices have not just been pushed up by firm demand, which has recovered from 2015 lows, but also by several mine closures and weak investment into capacity expansion.

  • U.S. to Decelerate Back to 2% Trend Growth, Says JPM's Santos
    Bloomberg17 days ago

    U.S. to Decelerate Back to 2% Trend Growth, Says JPM's Santos

    Gabriela Santos, global market strategist at JPMorgan Asset Management, discusses comments on the U.S. economy from former Federal Reserve Chair Ben Bernanke. She speaks with Bloomberg's Francine Lacqua ...

  • Is Santos Limited’s (ASX:STO) Balance Sheet A Threat To Its Future?
    Simply Wall St.25 days ago

    Is Santos Limited’s (ASX:STO) Balance Sheet A Threat To Its Future?

    Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Santos Limited (ASX:STO), with a market capitalization of AU$12.21B, rarely draw their attention from the investing community.Read More...

  • Reuters26 days ago

    How the world's biggest private equity oil and gas industry bid collapsed

    Rising oil prices combined with a heavy debt load killed the world's biggest private equity oil and gas industry deal last week. Harbour Energy left Australia empty-handed after a year of chasing gas producer Santos Ltd (STO.AX), missing out on Santos' stakes in three liquefied natural gas projects in Australia and Papua New Guinea as it sought to become a major LNG player. Harbour Chief Executive Linda Cook, a former senior executive at Royal Dutch Shell (RDSa.L), was on a plane last Tuesday when she heard Santos had rejected its sixth offer, worth about A$6.95 a share.

  • How the world's biggest private equity oil and gas industry bid collapsed
    Reuters27 days ago

    How the world's biggest private equity oil and gas industry bid collapsed

    Rising oil prices combined with a heavy debt load killed the world's biggest private equity oil and gas industry deal last week. Harbour Energy left Australia empty-handed after a year of chasing gas producer Santos Ltd (STO.AX), missing out on Santos' stakes in three liquefied natural gas projects in Australia and Papua New Guinea as it sought to become a major LNG player. Harbour Chief Executive Linda Cook, a former senior executive at Royal Dutch Shell (RDSa.L), was on a plane last Tuesday when she heard Santos had rejected its sixth offer, worth about A$6.95 a share.

  • Asian Equities Slide; Trump "Not Pleased" With U.S.-China Trade Talks
    Investing.comlast month

    Asian Equities Slide; Trump "Not Pleased" With U.S.-China Trade Talks

    Investing.com – Asian stocks continued to fall in afternoon trade on Wednesday as U.S. President Donald Trump said he is “not really” pleased with the results of trade talks with China so far.

  • The Wall Street Journallast month

    [$$] Santos Rejects $10 Billion Takeover Bid as Oil Prices Rise

    Santos Ltd. of Australia rejected a more than US$10 billion acquisition offer by Harbour Energy Ltd. on Tuesday, saying the offer undervalued it given recent oil-price gains. The rejection comes after private-equity-backed Harbour—set up by EIG Global Energy Partners in 2014 to hunt for oil and natural-gas assets outside the U.S.—raised its offer twice in recent days to woo Santos. The latest proposal, made on Monday, offered US$5.21 a share for Santos, and was contingent on the Australian company hedging some of its future oil production.

  • Australia's Santos rejects $10.8 billion Harbour Energy bid, ends talks
    Reuterslast month

    Australia's Santos rejects $10.8 billion Harbour Energy bid, ends talks

    Australia's Santos (STO.AX) on Tuesday ended talks with Harbour Energy and rejected the U.S.-based firm's $10.8 billion takeover offer, saying it undervalued the oil and gas producer as oil prices surge. The decision shocked analysts and leaves Harbour, which had tabled an increased and final offer this week, sorely disappointed, after increasing its proposed bid five times in nine months following a steep rise in global crude oil prices. "(The board) resolved to reject the final proposal on the basis that it does not represent a full value of the company and, when combined with the associated risks, is not in the best interests of Santos shareholders," Santos said in a statement.

  • Reuterslast month

    Australia's Santos rejects Harbour Energy's final $10.8 billion takeover offer

    "(The board) resolved to reject the final proposal on the basis that it does not represent a full value of the company," Santos said in a statement. Harbour made the final offer for Santos this week, hiking its bid for a fifth time in nine months after a steep rise in oil prices.

  • Santos Falls After Rejecting Harbour Offer as Too Low, Risky
    Bloomberglast month

    Santos Falls After Rejecting Harbour Offer as Too Low, Risky

    Santos Ltd. plunged the most since 2016 after rejecting Harbour Energy Ltd.’s $10.9 billion final offer and terminating talks, saying its proposal was too low and too risky. The Australian oil and gas producer said Tuesday its independent directors, managing director and chief executive officer unanimously rejected the proposal because it didn’t represent the full value of the company, as well as being too complex and high-risk. Oil prices and shares of its domestic peers have rallied 14 percent and 18 percent, respectively, since the initial proposal, Santos said.

  • Was Santos Limited’s (ASX:STO) Earnings Growth Better Than The Industry’s?
    Simply Wall St.last month

    Was Santos Limited’s (ASX:STO) Earnings Growth Better Than The Industry’s?

    For investors, increase in profitability and industry-beating performance can be essential considerations in an investment. Below, I will examine Santos Limited’s (ASX:STO) track record on a high level, to giveRead More...

  • The Wall Street Journallast month

    [$$] Private-Equity Backed Harbour Energy Lifts Santos Bid to $10.86 Billion

    Santos on Monday said it has received a new binding proposal from Habour to buy its stock for $5.21 a share, dependent on it hedging roughly 30% more oil-linked production in 2018 and making unspecific changes to its 2019 hedges. Santos said its independent directors would consider the revised proposal.

  • Reuterslast month

    BRIEF-ENN Ecological, Hony Capital Agree In Principle To Hold Stakes In Privatised Santos

    May 21 (Reuters) - ENN Ecological Holdings Co Ltd : * SAYS IT, ENN'S INVESTMENT ARM, AND HONY CAPITAL HAVE AGREED IN PRINCIPLE WITH HARBOUR ENERGY TO HOLD STAKES IN PRIVATISED SANTOS * SAYS ABOVE PARTIES ...

  • Asian Equities Extend Gain as Investors Digest U.S.-China Trade Development
    Investing.comlast month

    Asian Equities Extend Gain as Investors Digest U.S.-China Trade Development

    Investing.com – Asian equities extended their gains in afternoon trade on Monday, with weekend developments in U.S.-China trade talks in the spot light.

  • Reuterslast month

    Race on to boost gas supply to Australia's east coast

    A pipeline across Australia and gas imports from as far away as the United States are on the drawing board as the country races to plug a domestic supply gap that is driving up east coast gas prices and threatening jobs. Although Australia is the world's No. 2 liquefied natural gas (LNG) exporter, much of its east coast gas is tied up in long-term export contracts while mainstay supplies in the populated southeast are drying up more quickly than expected.

  • Asian Stocks Climb as U.S., China Put Trade War on Hold
    Investing.comlast month

    Asian Stocks Climb as U.S., China Put Trade War on Hold

    Investing.com – Asian equities climbed in morning trade on Monday as U.S. Treasury Secretary Steven Mnuchin said on Sunday that the trade war with China is now put on hold."We are putting the trade war on hold. Right now, we have agreed to put the tariffs on hold while we try to execute the framework," Mnuchin said.

  • Australia's Santos gets final sweetened $10.8 billion bid from Harbour Energy
    Reuterslast month

    Australia's Santos gets final sweetened $10.8 billion bid from Harbour Energy

    Shares in the oil and gas producer rose on the back of the sweetened bid but remained below the offer price amid uncertainty over whether the government would approve what would be the biggest takeover of an Australian resources company. "You've got to think the new bump is going to make it more likely the board will approve it...But there are risks," said Andy Forster, senior investment officer at Argo Investments, a top 10 shareholder in Santos.

  • Reuterslast month

    Australia's Santos gets final sweetened $10.8 bln bid from Harbour Energy

    U.S.-based Harbour Energy made a final offer of $10.8 billion for Australia's Santos Ltd on Monday, hiking its bid for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival bids. "You've got to think the new bump is going to make it more likely the board will approve it...But there are risks," said Andy Forster, senior investment officer at Argo Investments, a top 10 shareholder in Santos.

  • Reuterslast month

    Harbour Energy says $10.8 billion offer for Santos is 'best and final'

    Harbour Energy said on Monday its latest takeover proposal of $10.8 billion for Australian gas producer Santos Ltd was its "best and final" offer. "Harbour's 21 May 2018 proposal is 'best ...

  • Rigzone.comlast month

    Australia's Santos Gets Final Sweetened $10.8B Bid From Harbour Energy

    U.S.-based Harbour Energy makes a final offer of $10.8 billion for Australia's Santos Ltd, hiking its bid for a fifth time in nine months.

  • Reuterslast month

    Ophir Energy replaces CEO Cooper amid LNG project delays

    Alan Booth, currently a non-executive director, has been named interim CEO and executive director, Ophir said. Cooper served as chief executive for almost seven years. Most recently, Cooper initiated a proposed acquisition of Santos Ltd's (STO.AX) Southeast Asian assets.

  • The Wall Street Journallast month

    [$$] Santos Gets Binding Proposal From Habour

    Ltd. said it has received a binding takeover proposal from private equity-backed oil-and-gas investor Harbour Energy Ltd. that didn’t include an increased price but would offer its biggest shareholders a stake in Harbour. Santos said the proposal, which follows a five-week due diligence process, comprised a U.S.-dollar-only offer of $4.98 a share for most investors. Chinese natural-gas distributor ENN Group Co. and private-equity firm Hony Capital, which have a collective stake in Santos of roughly 15%, would be able to roll their shares into a Harbour investment vehicle and subscribe for new shares, said Santos.