Sasol (NYSE:SSL) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of Sasol (NYSE:SSL) from a hold rating to a buy rating in a report issued on Saturday morning, Zacks.com reports. They currently have $9.25 target price on the oil and gas company’s stock.

According to Zacks, “Sasol Limited is engaged in the mining and processing of coal. It also produces chemicals, explores for and refines crude oil, and manufactures fertilizers and explosives. In addition, it converts coal to petrochemicals products, such as diesel fuels and gasoline. “

SSL has been the topic of a number of other reports. JPMorgan Chase & Co. raised Sasol from a neutral rating to an overweight rating in a research report on Monday, June 8th. Goldman Sachs Group downgraded Sasol from a buy rating to a hold rating in a research note on Friday, March 20th. Finally, HSBC downgraded Sasol to a sell rating in a research note on Friday, June 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $9.25.

Shares of SSL opened at $7.79 on Friday. Sasol has a 52-week low of $1.25 and a 52-week high of $24.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 1.25. The business’s 50 day moving average price is $6.69 and its two-hundred day moving average price is $10.58. The firm has a market cap of $4.80 billion, a PE ratio of 3.59 and a beta of 3.49.

Several hedge funds have recently added to or reduced their stakes in SSL. BlackRock Inc. bought a new position in shares of Sasol during the 1st quarter valued at $27,000. Tower Research Capital LLC TRC boosted its position in Sasol by 755.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 15,110 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 13,343 shares during the period. FDx Advisors Inc. boosted its position in Sasol by 49.9% during the 1st quarter. FDx Advisors Inc. now owns 17,379 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 5,782 shares during the period. Wetherby Asset Management Inc. boosted its position in Sasol by 71.0% during the 1st quarter. Wetherby Asset Management Inc. now owns 22,260 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 9,239 shares during the period. Finally, GWM Advisors LLC purchased a new stake in Sasol during the 1st quarter valued at $47,000. 2.41% of the stock is currently owned by institutional investors.

Sasol Company Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia.

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Analyst Recommendations for Sasol (NYSE:SSL)

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