Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Santos Limited
  6. News
  7. Summary
    STO   AU000000STO6

SANTOS LIMITED

(STO)
  Report
Delayed Australian Stock Exchange  -  10:42 2022-09-27 pm EDT
6.900 AUD   -0.72%
05:59aFu Li Biotechnology To Pay $1.8 Million Settlement for Fertilizer Production
MT
05:59aNorth American Morning Briefing: Stock Futures Edge Higher as Bond Rout Eases
DJ
02:54aSantos Receives Offer For Minority Stake In PNG LNG
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australian shares end at two-month high on boost from miners, banks

08/11/2022 | 02:28am EDT

* ASX hits a two-month high

* Miners lead the gains

* House prices in NZ fell in July; first annual fall since 2011

Aug 11 (Reuters) - Australian shares closed at their highest in two months on Thursday, lifted by miners and financials, as a softer-than-expected inflation data raised bets of a less hawkish tone from the U.S. Federal Reserve.

The S&P/ASX 200 index ended 1.1% higher at 7,071.0. The benchmark was down 0.5% on Wednesday.

Australian shares joined a rally in global equities after U.S consumer prices in July were unchanged, compared with June, although the reading was lower than investors' expectations.

"While the market has stepped back from pricing in another 75 basis points rate hike in September .... It will take a more meaningful fall in inflation in August or another economic shock to move the Fed from the current path for the policy rate " said Kerry Craig, global market Strategist at J.P Morgan.

Miners led the gains, advancing 1.5%. BHP and Fortescue Metals gained 1% and nearly 2%, respectively.

Financials jumped 1%, with three of "Big Four" banks ending higher.

Commonwealth Bank Australia extended losses, falling 0.3% after it flagged on Wednesday that spiralling cost-of-living pressures had started to hit consumer confidence.

Local energy stocks added 0.5% on strong overnight oil prices.

Heavyweight Santos jumped 1.9% as it acquired Hunter Gas Pipeline amid a supply crunch and rising electricity prices.

New Zealand's benchmark S&P/NZX 50 index closed 0.07% higher at 11760.01. The country's house prices fell in July with the median price range recording its first annual fall since 2011, said the Real Estate Institute of New Zealand. (Reporting By Navya Mittal in Bengaluru; editing by Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.55% 0.64008 Delayed Quote.-10.87%
BHP GROUP LIMITED -0.03% 37.19 Delayed Quote.10.31%
BRITISH POUND / US DOLLAR (GBP/USD) -0.74% 1.0649 Delayed Quote.-20.44%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.40% 0.72573 Delayed Quote.0.00%
COMMONWEALTH BANK OF AUSTRALIA -1.61% 91.92 Delayed Quote.-7.32%
EURO / US DOLLAR (EUR/USD) -0.45% 0.95536 Delayed Quote.-15.60%
FORTESCUE METALS GROUP LIMITED -3.15% 16.29 Delayed Quote.-17.02%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.12% 0.012239 Delayed Quote.-8.75%
NAVYA 5.14% 0.225 Real-time Quote.-89.08%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.91% 0.55803 Delayed Quote.-17.14%
S&P/ASX 200 -0.78% 6445.6 Real-time Quote.-13.10%
SANTOS LIMITED -0.72% 6.9 Delayed Quote.9.03%
All news about SANTOS LIMITED
05:59aFu Li Biotechnology To Pay $1.8 Million Settlement for Fertilizer Production
MT
05:59aNorth American Morning Briefing: Stock Futures Edge Higher as Bond Rout Eases
DJ
02:54aSantos Receives Offer For Minority Stake In PNG LNG
MT
09/27Kumul Petroleum Holdings Limited made a binding conditional offer to acquire 5% stake i..
CI
09/26Santos Gets $1.4 Billion Offer for PNG LNG Stake From Papua New Guinea State Oil Compan..
DJ
09/26Australian shares rise on mining, energy boost
RE
09/26Santos gets $1.1 bln offer for 5% stake in PNG LNG from state-owned Kumul
RE
09/26Santos gets $1.4 bln offer for 5% stake in PNG LNG from state-owned Kumul
RE
09/26Santos Gets $1.4 Billion Offer for PNG LNG Stake From Papua New Guinea State Oil Compan..
DJ
09/26UBS Adjusts Santos' Price Target to AU$9.40 From AU$9.45, Keeps at Buy
MT
More news
Analyst Recommendations on SANTOS LIMITED
More recommendations
Financials (USD)
Sales 2022 8 199 M - -
Net income 2022 2 674 M - -
Net Debt 2022 3 179 M - -
P/E ratio 2022 5,63x
Yield 2022 4,51%
Capitalization 14 914 M 14 914 M -
EV / Sales 2022 2,21x
EV / Sales 2023 2,27x
Nbr of Employees 3 786
Free-Float 91,9%
Chart SANTOS LIMITED
Duration : Period :
Santos Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SANTOS LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Last Close Price 4,48 $
Average target price 6,52 $
Spread / Average Target 45,6%
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 Technical & Marketing Officer
Yasmin Anita Allen Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
SANTOS LIMITED9.03%14 866
SAUDI ARABIAN OIL COMPANY5.85%1 990 878
SHELL PLC36.36%172 393
PETROCHINA COMPANY LIMITED-5.76%124 663
TOTALENERGIES SE5.37%114 785
EQUINOR ASA46.02%102 007