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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Oil Search Limited    OSH   PG0008579883

OIL SEARCH LIMITED

(OSH)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 03/08
4.57 AUD   +3.39%
03/07Australia stocks rise on U.S. stimulus, economic recovery hopes
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03/04Australian shares skid as concerns over bond yields persist
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03/04OIL SEARCH  : Appendix 3G
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SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australia shares trade flat as tech slide offsets commodity gains

02/22/2021 | 07:52pm EST

* Tech stocks eye worst day in nearly a month

* Energy stocks set for best day in nearly six weeks

* Mining stocks hit highest since Jan. 8

* NZ set for fourth straight session of losses

Feb 23 (Reuters) - Australian shares traded little changed on Tuesday as gains in miners and energy firms on stronger commodity prices countered losses in tech stocks following a weak lead from U.S. peers.

The S&P/ASX 200 index was nearly unchanged at 6,779.5 by 0000 GMT, after swinging between positive and negative territory for much of the early part of the session.

Tech stocks were the biggest drags on the benchmark, tracking losses in U.S. peers that have come under pressure from an uptick in bond yields and concerns over higher inflation affecting valuations.

"Steadily rising real yields should reflect better growth prospects for equities but if they rise suddenly, pushed higher by flows from rapid repositioning, then we think the impact of a higher discount rate will pull equities lower," analysts at UBS said in a note.

Buy-now-pay-later giant Afterpay shed 7.8% to lead losses among local tech companies which were set for their worst session since Jan. 28.

Investors will watch closely for any changes to the U.S. Federal Reserve's dovish outlook from Chairman Jerome Powell when he speaks before the Senate Banking Committee later in the day.

Energy stocks gained up to 4.1% and were on track to post their best session since Jan. 13, lifted by a jump in oil prices as investors anticipate a slow recovery in U.S. crude output following a cold snap in the state of Texas. Oil Search climbed 8.6% after posting a surprise underlying profit.

Newcrest Mining and AngloGold Ashanti led gains among gold miners, which climbed 5.6%, as worries over rising inflation and a weaker U.S. dollar pushed the metal higher.

Firmer bullion and copper prices supported a more than 1% rise in heavyweight miners, which hit their highest since Jan. 8. Copper prices breached the $9,000 mark for the first time since 2011 on indications of tight supply.

New Zealand's benchmark S&P/NZX 50 index declined 0.6% to 12,356.68 and was on track for a fourth straight session of falls. (Reporting by Arpit Nayak in Bengaluru; Editing by Subhranshu Sahu)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED -3.64% 111.2 End-of-day quote.-5.76%
ANGLOGOLD ASHANTI LIMITED 4.19% 316.33 End-of-day quote.-7.65%
LONDON BRENT OIL -3.35% 67.97 Delayed Quote.29.98%
NEWCREST MINING LIMITED 2.71% 23.87 End-of-day quote.-7.41%
OIL SEARCH LIMITED 3.39% 4.57 End-of-day quote.23.18%
S&P/ASX 200 0.43% 6739.6 Real-time Quote.1.88%
WTI -3.34% 64.788 Delayed Quote.33.26%
All news about OIL SEARCH LIMITED
03/07Australia stocks rise on U.S. stimulus, economic recovery hopes
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03/04Australian shares skid as concerns over bond yields persist
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03/04OIL SEARCH  : Appendix 3G
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03/04OIL SEARCH  : Change of Director's Interest Notice – NED Plan
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03/03Oil Search Finds New CFO
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03/02OIL SEARCH  : 2020 Full Year Results
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03/02OIL SEARCH LIMITED : Ex-dividend day for interim dividend
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02/26Australian shares tumble as firmer bond yields, fall in tech stocks weigh
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02/24OIL SEARCH  : 2020 Full Year Results Webcast Transcript
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More news
Financials
Sales 2021 1 747 M 1 337 M 1 337 M
Net income 2021 307 M 235 M 235 M
Net Debt 2021 2 772 M 2 122 M 2 122 M
P/E ratio 2021 30,1x
Yield 2021 1,26%
Capitalization 9 496 M 7 288 M 7 270 M
EV / Sales 2021 7,02x
EV / Sales 2022 6,34x
Nbr of Employees 1 243
Free-Float 99,2%
Chart OIL SEARCH LIMITED
Duration : Period :
Oil Search Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends OIL SEARCH LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 4,57 AUD
Last Close Price 4,57 AUD
Spread / Highest target 30,2%
Spread / Average Target 0,00%
Spread / Lowest Target -23,4%
EPS Revisions
Managers and Directors
NameTitle
Kieran John Wulff Managing Director & Director
Stephen W. Gardiner Chief Financial Officer
Richard John Lee Chairman
Beth White Executive VP-Sustainability & Technology
Kostas Goerge Constantinou Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
OIL SEARCH LIMITED23.18%7 030
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CNOOC LIMITED29.67%53 535
EOG RESOURCES, INC.49.55%43 522
CANADIAN NATURAL RESOURCES LIMITED28.41%36 695
PIONEER NATURAL RESOURCES COMPANY43.64%35 430