Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Santos Limited
  6. News
  7. Summary
    STO   AU000000STO6

SANTOS LIMITED

(STO)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australia shares hit record peak as economic data boosts risk appetite

06/02/2021 | 02:40am EDT

* Aus Q1 GDP +1.8% vs Reuters poll +1.5%

* Miners gain for 5th straight day

* Energy stocks top gainers on Aussie benchmark

June 2 (Reuters) - Australian shares scaled a record high on Wednesday, as investors lapped up data that showed the country's first-quarter economic growth came in better than expected and shrugged off concerns over fresh COVID-19 cases in Victoria.

The S&P/ASX 200, which has climbed to record highs a multiple times in recent sessions, closed 1.1% higher at 7,217.8. The benchmark ended 0.3% lower on Tuesday.

Data from the Australian Bureau of Statistics (ABS) showed gross domestic product rose 1.8%, topping estimates, while increased consumer and business spending lifted output.

"Pent-up demand and the lagged effects of stimulus measures for household spending is still powering the Australian economy along," Robert Carnell, regional head of research for Asia-Pacific at ING Economics said in a note.

He added, however, that with total GDP higher than pre-COVID levels, the period of most rapid catch-up had probably passed.

Miners, the biggest constituent on the Aussie benchmark, rose 2%, and were up for a fifth straight day due to firmer commodity prices.

Global miner Rio Tinto ended the session 2.1% higher, while rival BHP Ltd hit its biggest closing high since May 18.

Energy stocks tracked a jump in oil prices to close 4.1% higher in their best session since late February.

Oil and gas explorers Woodside Petroleum and Santos Ltd rose 4.6% and 6.5%, respectively, with the latter closing at its highest in nearly three months.

Meanwhile, the state of Victoria extended a snap COVID-19 lockdown for a second week in capital Melbourne as authorities battle fresh cases.

Travel stocks were still undeterred with Flight Centre ending 2.9% higher, and Sydney Airport hitting its highest close in three weeks.

Steven Daghlian, a market analyst at CommSec, said travel stocks were coming off the back of heavy declines in May, but had "held up quite well and the market hasn't really paid too much attention to it."

New Zealand's benchmark S&P/NZX 50 closed 0.2% lower at 12,440.05. (Reporting by Harish Sridharan in Bengaluru, Editing by Sherry Jacob-Phillips)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.05% 0.73923 Delayed Quote.-4.12%
BHP GROUP 1.64% 53.33 End-of-day quote.25.69%
FLIGHT CENTRE TRAVEL GROUP LIMITED 0.90% 14.6 End-of-day quote.-7.89%
LONDON BRENT OIL -0.25% 75.6 Delayed Quote.44.56%
RIO TINTO PLC 2.64% 6293 Delayed Quote.14.92%
SANTOS LIMITED 0.93% 6.52 End-of-day quote.3.99%
SYDNEY AIRPORT LIMITED 0.13% 7.74 End-of-day quote.20.75%
WOODSIDE PETROLEUM LTD 0.32% 22.09 End-of-day quote.-2.86%
WTI -0.16% 73.16 Delayed Quote.49.35%
All news about SANTOS LIMITED
07/28Australia shares end lower as Sydney extends lockdown
RE
07/27Santos Announces Production from the Phase 3C Infill Drilling Program at the ..
CI
07/26Oil Search maintains annual output target after upbeat quarterly revenue
RE
07/26Santos Flows First Oil from Van Gogh Development in Australia's Exmouth Basin
MT
07/26Australia shares end flat as energy, gold stocks drag
RE
07/25SANTOS : Record production rate from first Van Gogh Phase 2 Infill well
PU
07/25Santos Announces First Oil from the Van Gogh Phase 2 Infill Development
CI
07/23Australian shares end at record high on healthcare, tech boost
RE
07/22Australia shares slip as virus restrictions threaten economic recovery
RE
07/21SANTOS : Raises Lower End of 2021 Production, Sales Volume Guidance; Shares Rise..
MT
More news
Financials (USD)
Sales 2021 4 568 M - -
Net income 2021 818 M - -
Net Debt 2021 2 868 M - -
P/E ratio 2021 12,7x
Yield 2021 2,18%
Capitalization 10 012 M 10 021 M -
EV / Sales 2021 2,82x
EV / Sales 2022 2,63x
Nbr of Employees 2 722
Free-Float 83,4%
Chart SANTOS LIMITED
Duration : Period :
Santos Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SANTOS LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 4,82 $
Average target price 6,03 $
Spread / Average Target 25,2%
EPS Revisions
Managers and Directors
Kevin Thomas Gallagher Chief Executive Officer, MD & Executive Director
Anthony Neilson Chief Financial Officer
Keith William Spence Non-Executive Chairman
David Banks Chief Technical & Marketing Officer
Hock Goh Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
SANTOS LIMITED3.99%9 849
SAUDI ARABIAN OIL COMPANY-0.43%1 859 995
ROYAL DUTCH SHELL PLC14.36%151 430
PETROCHINA COMPANY LIMITED35.83%124 920
TOTALENERGIES SE3.99%114 432
PUBLIC JOINT STOCK COMPANY GAZPROM34.85%90 630