1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Santos Limited
  6. News
  7. Summary
    STO   AU000000STO6


Delayed Australian Stock Exchange  -  02:10 2022-07-07 am EDT
6.900 AUD   -1.71%
02:54aSANTOS : support for PNG Orchids is for all women and girls
07/06Miners lift Australian shares, investors digest Fed's minutes
07/05Australia shares flat as mining, energy losses offset tech gains
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australian shares end at near 2-month low, strong forecast lifts Westpac

05/09/2022 | 03:13am EDT

May 9 (Reuters) - Australian shares closed at their lowest in nearly two months on Monday, as Shanghai's tightening COVID-19 curbs sparked worries about economic growth and a possible recession, while Westpac Banking jumped on an upbeat outlook.

The S&P/ASX 200 index ended 1.2% lower at 7,120.60, marking a second straight session of losses.

In New Zealand, the benchmark S&P/NZX 50 index dropped 2% to 11,381.70, its lowest since Aug. 12, 2020.

Shanghai was tightening a city-wide COVID-19 lockdown imposed more than a month ago, prolonging into late-May an ordeal that China's capital Beijing was desperate to avoid by turning mass testing into an almost daily routine.

Investors also remained concerned about aggressive policy tightening by global central banks, with a focus on U.S. consumer prices data on May 11 to gauge further actions on interest rates by the Federal Reserve.

"I think (Philip) Lowe (the governor of the Reserve Bank of Australia) will only go by 25bps (basis points) at a time and we will get another rate rise in June, but the wage number will be all important," Henry Jennings, senior analyst at Marcustoday Financial Newsletter said

Among individual shares and stocks, Westpac Banking gained 3.2% in its best day since March 10 after the country's third-largest bank beat first-half earnings estimates and forecast lower expenses in the second half of the year.

The metals and mining index slipped 2.5%, to their lowest level since March 17 on a slide in iron ore prices.

With China being the biggest customer to Australia, more lockdowns and a slowdown in the world's second-largest economy is not great news, Jennings said.

The mining trio BHP Group, Rio Tinto and Fortescue Metals Group dropped between 1.3% and 5.8%.

Financials shed 0.3%, with Australia and New Zealand Banking Group falling 2.7%, while two of the "Big Four" banks capped losses to rise about 0.2%.

Bucking the trend, energy stocks added 0.5%. Woodside Petroleum and Santos rose 0.6% and 0.4%, respectively.

(Reporting by Upasana Singh in Bengaluru; editing by Uttaresh.V)

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED 3.13% 38.94 Delayed Quote.-9.01%
FORTESCUE METALS GROUP LIMITED 4.37% 17.2 Delayed Quote.-14.21%
RIO TINTO PLC 3.69% 4860.5 Delayed Quote.-4.44%
S&P/ASX 200 0.81% 6648 Real-time Quote.-11.42%
SANTOS LIMITED -1.71% 6.9 Delayed Quote.11.25%
WESTPAC BANKING CORPORATION 0.76% 20 Delayed Quote.-7.03%
WOODSIDE ENERGY GROUP LTD 0.26% 30.28 Delayed Quote.37.71%
All news about SANTOS LIMITED
02:54aSANTOS : support for PNG Orchids is for all women and girls
07/06Miners lift Australian shares, investors digest Fed's minutes
07/05Australia shares flat as mining, energy losses offset tech gains
07/05Australian shares end higher on commodity boost; RBA hikes key rate
07/04Australian shares unchanged ahead of cenbank expected 50 bps rate hike
07/04Australia shares rise as banks gain ahead of RBA meet
06/30Australia shares rise on financials, tech boost
06/29Australian shares slip as slowdown fears return, energy top loser
06/29SANTOS : Update - Notification of buy-back - STO
06/29Australian shares close nearly 1% lower on renewed recession fears
More news
Analyst Recommendations on SANTOS LIMITED
More recommendations
Financials (USD)
Sales 2022 8 318 M - -
Net income 2022 2 738 M - -
Net Debt 2022 3 362 M - -
P/E ratio 2022 5,26x
Yield 2022 5,48%
Capitalization 15 639 M 15 639 M -
EV / Sales 2022 2,28x
EV / Sales 2023 2,56x
Nbr of Employees 3 786
Free-Float 91,0%
Duration : Period :
Santos Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SANTOS LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 16
Last Close Price 4,67 $
Average target price 6,92 $
Spread / Average Target 48,1%
EPS Revisions
Managers and Directors
Kevin Thomas Gallagher Chief Executive Officer, MD & Executive Director
Anthea Mckinnell Chief Financial Officer
Keith William Spence Non-Executive Chairman
David Banks Chief Operating Officer
Hock Goh Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
SANTOS LIMITED11.25%15 938
SHELL PLC21.73%172 626
EQUINOR ASA39.00%103 469