The stock of Santos Ltd (ASX:STO) is a huge mover today! The stock increased 11.70% or $0.46 on December 1, hitting $4.39. About 30.83M shares traded hands or 250.74% up from the average. Santos Ltd (ASX:STO) has risen 1.86% since May 5, 2016 and is uptrending. It has underperformed by 4.07% the S&P500.
The move comes after 9 months positive chart setup for the $7.80 billion company. It was reported on Dec, 1 by Barchart.com. We have $4.74 PT which if reached, will make ASX:STO worth $624.00 million more.
More notable recent Santos Ltd (ASX:STO) news were published by: Fool.com.Au which released: “Taking Flight: Why Shares of Santos Ltd are Rocketing Today” on December 01, 2016, also Fool.com.Au with their article: “Will Santos Ltd ever recover to $15 per share?” published on September 26, 2016, Fool.com.Au published: “Are Santos Ltd shares worthless?” on August 30, 2016. More interesting news about Santos Ltd (ASX:STO) were released by: Fool.com.Au and their article: “Is now the time to buy Santos Ltd shares?” published on October 04, 2016 as well as Fool.com.Au‘s news article titled: “3 things every Santos Ltd investor must know today” with publication date: March 08, 2016.
Santos Limited is an oil and gas producer. The company has a market cap of $7.80 billion. The Company’s principal activities are the exploration for, and development, production, transportation and marketing of, hydrocarbons. It currently has negative earnings. The Company’s divisions include Eastern Australia, Western Australia and Northern Territory , Asia Pacific and Gladstone LNG (GLNG).
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