Sasol (SSL) Expected to Announce Quarterly Earnings on Monday

Sasol (NYSE:SSL - Get Free Report) is anticipated to release its results before the market opens on Monday, February 23rd. Analysts expect Sasol to post earnings of $0.5760 per share and revenue of $7.5476 billion for the quarter.Sasol Price PerformanceSSL stock opened at $8.73 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. Sasol has a 12-month low of $2.78 and a 12-month high of $8.97. The stock's 50 day simple moving average is $6.96 and its 200 day simple moving average is $6.55. Analysts Set New Price TargetsA number of brokerages have weighed in on SSL. The Goldman Sachs Group lowered Sasol from a "buy" rating to a "neutral" rating in a research report on Monday, February 9th. Zacks Research upgraded shares of Sasol from a "strong sell" rating to a "hold" rating in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of Sasol from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 16th. Weiss Ratings restated a "sell (d+)" rating on shares of Sasol in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Sasol in a research note on Friday, January 16th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce".Get Our Latest Stock Report on SasolInstitutional Investors Weigh In On SasolSeveral hedge funds and other institutional investors have recently modified their holdings of the stock. Sivia Capital Partners LLC purchased a new position in Sasol during the second quarter valued at $52,000. SmartHarvest Portfolios LLC bought a new position in shares of Sasol in the fourth quarter worth about $107,000. Voloridge Investment Management LLC purchased a new position in shares of Sasol during the 4th quarter valued at about $112,000. Public Employees Retirement System of Ohio grew its stake in shares of Sasol by 36.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 139,123 shares of the oil and gas company's stock valued at $906,000 after acquiring an additional 37,227 shares during the period. Finally, Parallel Advisors LLC increased its stake in Sasol by 21.0% in the 4th quarter. Parallel Advisors LLC now owns 19,979 shares of the oil and gas company's stock worth $130,000 after buying an additional 3,474 shares in the last quarter. 1.21% of the stock is currently owned by hedge funds and other institutional investors. About Sasol (Get Free Report)Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company's core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications. In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.Further ReadingFive stocks we like better than Sasol~$1.5T SpaceX IPO: Pre-IPO OpportunityAmerica’s 1776 happening againHow a Family Trust May Be Able To Help Preserve Your WealthThis makes me furiousElon Musk: This Could Turn $100 into $100,000This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Sasol Right Now?Before you consider Sasol, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sasol wasn't on the list.While Sasol currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here