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    OSH   PG0008579883

OIL SEARCH LIMITED

(OSH)
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Australian shares end at record high on healthcare, tech boost

07/23/2021 | 03:48am EDT

* Miners snap 4-week winning streak

* ASX 200 extends gains for third straight session

* Healthcare stocks hit a month high

July 23 (Reuters) - Australian shares closed at a record high after a choppy afternoon trade on Friday, as gains in healthcare and tech stocks slightly outweighed losses in financial and energy firms.

The S&P/ASX 200 index settled up 0.1% at 7,394.4, after falling as much as 0.2% during the session. For the week, it gained 0.6%, recovering from sharp losses recorded earlier.

Healthcare stocks added 1.3% and led gains on the benchmark index. The closing marked a fourth positive finish in the past five sessions.

A 1.5% rally in heavyweight CSL Ltd boosted the sector, along with a firmer U.S. dollar. The currency was set for a second straight weekly gain.

Australian tech stocks followed suit, firming nearly 1% on strong cues from their Wall Street peers overnight.

Buy-now-pay-later juggernaut Afterpay gained 0.8%, with Nuix Ltd, up 6%, leading the gains on the sub-index.

Still, gains among equities were capped by worries about the Delta variant of coronavirus.

"The relentless rise in infections casts doubt on whether the economic outperformance of Australia can continue," Maybank analysts said in a note.

Australia's most populous state reported its biggest daily rise in COVID-19 cases on Friday, prompting a tighter lockdown in Sydney.

Among other shares and sectors, energy firms lost about 1.1% as oil prices slipped 0.3%. For the week, the sector was down 1.7%.

The country's second-largest independent gas producer Santos and Oil Search fell 2.2% each to be the top losers in the sector.

Gold stocks dropped the most, losing 1.2%, as gold prices dipped on U.S. dollar strength.

The country's miners snapped a four-week winning streak to post a 1.4% weekly loss.

New Zealand's benchmark NZX 50 index gained after two weeks of losses, ending up 0.5%. It closed 0.1% higher on Friday at 12,736.32 points. (Reporting by Savyata Mishra in Bengaluru; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED 4.21% 131.54 End-of-day quote.11.47%
CSL LIMITED 0.19% 312.99 End-of-day quote.10.53%
NUIX LIMITED 1.56% 2.6 End-of-day quote.-68.48%
OIL SEARCH LIMITED 3.38% 3.98 End-of-day quote.7.28%
SANTOS LIMITED 2.85% 6.49 End-of-day quote.3.51%
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Financials (USD)
Sales 2021 1 543 M - -
Net income 2021 402 M - -
Net Debt 2021 2 228 M - -
P/E ratio 2021 20,5x
Yield 2021 2,04%
Capitalization 8 644 M 6 306 M -
EV / Sales 2021 7,05x
EV / Sales 2022 6,21x
Nbr of Employees 1 243
Free-Float 99,9%
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Technical analysis trends OIL SEARCH LIMITED
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 3,98 $
Average target price 3,51 $
Spread / Average Target -11,8%
EPS Revisions
Managers and Directors
Peter J. Fredricson Chief Executive & Financial Officer
Richard John Lee Chairman
Beth White EVP-Group Finance, Sustainability & Technology
Agu Jan Kantsler Independent Non-Executive Director
Eileen Joy Doyle Independent Non-Executive Director
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