The consensus forecast amongst investment analysts is that the share is currently undervalued and could outperform the market in the near future, meaning that Sasol shares may be a surprisingly good purchase today, especially when coupled with the good dividends generally paid out by the company.
Stock Price Forecast
The 8 analysts offering 12-month price forecasts for Sasol Ltd have a median target of 20.67, with a high estimate of 29.58 and a low estimate of 14.39. The median estimate represents a -8.07% decrease from the last price of 22.49.
In SA, Sasol shareholders benefitted nicely. The share price increased more than 30% since September 20, from around R220 to R294. Ironically, it is the relentless lobbying by environmentalists that is pushing the oil price higher, causing the rush into oil shares, and making investors rich.
Sasol's stock value, however, is 64% stronger in the year to date, coming off from an incredibly difficult period for the company, Amid ultra-low oil and chemical prices caused by the Covid-19 pandemic in early 2020, the company cut costs and sold assets in a bid to bring down its R190bn debt pile and avert a rights ...
Construction delays at the Lakes Charles Chemical Project (LCCP) and an increase in costs, coupled with a decline in the value of the rand, saw investors selling out and the share falling to barely above R200.
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Sasol cut debt from R190 billion to R103 billion during the 2021 financial year, but held off declaring a dividend as the company continues to optimise its business, which has been hit by various global economic pressures and the effects of Covid-19.
“The higher prices were due to a combination of improved demand, higher oil prices and reduced market supply from continued global supply chain challenges attributable to the Covid-19 pandemic.” It said in the first half of 2022 it had divested from its Canadian Montney shale gas assets, as well as other small assets, ...
Sasol is an integrated oil gas company with substantial chemical interests. In South Africa, these operations are supported by mining coal and converting it into synthetic fuels and chemicals through proprietary Fischer-Tropsch technology. ... It also produces jet fuel, fuel alcohol and illuminating kerosene.
To sell your SOLBE1 shares you need to contact Computershare by telephone or in person and ask them to place a sell instruction. A call centre agent will verify your account details and the number of shares you hold, the sale process will then commence.
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