- Santos produced 21.6 million barrels of oil equivalent (mmboe) in the third quarter of 2024.
- The company’s sales volume for the quarter was 21.7 mmboe.
- Santos reported a sales revenue of $1.27 billion for this period.
- Capital expenditure for the third quarter totaled $709 million.
- The average realized price for Liquefied Natural Gas (LNG) was $12.69 per million British thermal units (mmBtu).
- The average realized oil price was $83.24 per barrel.
- The company expects unit production costs to remain between $7.45 and $7.95 per barrel of oil equivalent for the year.
- In terms of investment ratings, the company received 12 buy recommendations, 3 hold, and 1 sell from analysts.
A look at Santos Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts indicate a promising long-term outlook for Santos Ltd, as reflected in its Smartkarma Smart Scores. The company scores highly in areas such as Dividend and Value, suggesting strong performance in these aspects. With a solid Dividend score of 5, Santos Ltd is likely to provide attractive returns to shareholders through its dividend payments. Additionally, its Value score of 4 indicates that the company is deemed to be undervalued compared to its peers, potentially offering investment opportunities.
While Santos Ltd shows strength in certain areas, such as Dividend and Value, it faces challenges in Resilience and Growth, with scores of 2 and 3 respectively. The company’s Resilience score of 2 suggests a need for careful risk management strategies, as factors impacting the company’s ability to withstand economic shocks may require attention. Moreover, a Growth score of 3 indicates moderate growth prospects for the company, pointing towards potential areas for improvement in expanding its operations and revenue streams.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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