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    STO   AU000000STO6

SANTOS LIMITED

(STO)
  Report
Delayed Australian Stock Exchange  -  08:13:43 2023-02-07 pm EST
7.070 AUD   +0.28%
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Australian shares extend falls on cenbank policy woes; GDP in focus

12/06/2022 | 07:10pm EST

Dec 7 (Reuters) - Australian shares extended losses on Wednesday after its central bank crushed hopes of a pause in monetary policy tightening and flagged further rate hikes, with investors eyeing the third-quarter GDP data due later in the day.

The S&P/ASX 200 index fell 0.7% by 2338 GMT. The benchmark fell 0.5% on Tuesday.

The Reserve Bank of Australia (RBA) raised interest rate by 25 basis points to a 10-year high of 3.1% and stuck with its projection of further rate hikes to cool inflation.

Investors' now await the third-quarter gross domestic product (GDP) data, with analysts expecting a growth of 0.7% in the quarter before the country's current account fell into deficit for the first time in three years.

Local energy stocks slipped 1.8% and were among the top losers on the benchmark. Oil and gas majors Woodside Energy and Beach Energy slid 2% and 6.2%, respectively.

Separately, Santos fell 0.3% even as it targeted higher shareholder returns and announced a further $350 million increase in share buyback.

Tech stocks lost 2%, tracking losses of its Wall Street peers as skittish investors fretted over Federal Reserve rate hikes and further talk of a looming recession.

ASX-listed shares of Block Inc dropped 2.8%, while network-as-a-service provider, Megaport, slid 4.4% and was among the top losers on the sub-index.

Financials gave up 1.4% with the so called "Big Four" lenders losing more than 1% each.

Gold stocks fell 0.6% even as bullion prices firmed slightly. The country's largest gold miner Newcrest Mining gave up 0.6%.

Bucking the trend, miners advanced 0.8% with iron ore behemoths BHP and Rio Tinto jumping 1.3% and 2.8% respectively.

New Zealand's benchmark S&P/NZX 50 index fell by 0.4% to 11,583.79 points. (Reporting by Navya Mittal in Bengaluru; editing by Uttaresh.V)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BEACH ENERGY LIMITED -1.58% 1.56 Delayed Quote.-3.45%
BHP GROUP LIMITED -0.17% 47.95 Delayed Quote.5.63%
BLOCK, INC. 0.76% 83.18 Delayed Quote.31.37%
BRENT OIL -0.37% 83.74 Delayed Quote.-6.97%
MEGAPORT LIMITED -0.66% 6.065 Delayed Quote.-5.86%
NAVYA 0.67% 0.03 Real-time Quote.-17.81%
NEWCREST MINING LIMITED 1.62% 25.36 Delayed Quote.18.85%
RIO TINTO PLC 0.56% 6081 Delayed Quote.4.29%
S&P/ASX 200 0.31% 7527.7 Real-time Quote.7.11%
SANTOS LIMITED 0.21% 7.07 Delayed Quote.-1.82%
WOODSIDE ENERGY GROUP LTD 0.39% 36.29 Delayed Quote.1.72%
WTI -0.31% 77.444 Delayed Quote.-8.77%
All news about SANTOS LIMITED
02/03Petronas set to buy Wirsol Australian renewable energy assets -sources
RE
02/02Australian shares rise on healthcare boost, set for fifth weekly gain
RE
02/01Australian shares rise after Fed slows rate hikes
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01/31Australian shares rise on Wall Street boost, U.S. data
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01/30Australian shares inch higher on mining boost; set for best month since Nov 2020
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01/26Santos : Landmark Mount Tabor biodiversity project receives final approval
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01/24Australia's Santos-operated Gladstone LNG to undergo maintenance in June, July
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01/24Australian shares flat as miners offset gains in banks
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01/23Tech stocks help Australia shares notch up fourth day of gains
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01/22Australian shares hit near 9-month high as energy, tech stocks boost
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More news
Analyst Recommendations on SANTOS LIMITED
More recommendations
Financials (USD)
Sales 2022 8 008 M - -
Net income 2022 2 557 M - -
Net Debt 2022 3 352 M - -
P/E ratio 2022 6,39x
Yield 2022 4,16%
Capitalization 16 117 M 16 117 M -
EV / Sales 2022 2,43x
EV / Sales 2023 2,75x
Nbr of Employees 3 786
Free-Float 90,9%
Chart SANTOS LIMITED
Duration : Period :
Santos Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SANTOS LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 4,88 $
Average target price 6,38 $
Spread / Average Target 30,8%
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
Yasmin Anita Allen Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
SANTOS LIMITED-1.82%15 912
SAUDI ARABIAN OIL COMPANY0.00%1 875 404
SHELL PLC3.12%200 829
TOTALENERGIES SE-5.10%147 328
PETROCHINA COMPANY LIMITED14.01%133 724
EQUINOR ASA-16.29%90 145