ReutersReuters

Aussie energy giant Santos slips; Macquarie lowers PT, earnings estimates

** Shares of Australia's Santos STO fall as much as 1.5% to A$7.07

** Stock hits lowest since Oct 1

** Analysts at Macquarie lower PT on Australia's second largest oil and gas producer by 1% to A$8.65

** Lowers earnings estimates on co by 6%, 4% and 6% respectively for FY24-26

** Expects co's Q3 production of 21.1 million barrels of oil equivalent (MMboe), lower than 22.2 MMboe reported last quarter

** Sees 6% sequential drop in Q3 revenue to $1.23 bln

** Stock has fallen 5.5% YTD, as of last close

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