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SANTOS LIMITED

(STO)
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Delayed Australian Stock Exchange  -  02:10 2022-08-08 am EDT
7.050 AUD   +1.44%
08/05Australian shares gain for third straight week on miners, gold boost
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08/04Australian shares head for third straight weekly gain
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08/04Australian shares end flat as tech, banks offset commodity losses
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Australian shares extend losses as miners plunge

06/20/2022 | 03:16am EDT

June 20 (Reuters) - Australian shares fell for a seventh straight session on Monday to mark their longest losing streak since March 2020, as miners tumbled due to a sell-off in commodities over declining China demand and deepening fears of a global recession.

The S&P/ASX 200 index ended 0.64% lower at 6,433.4, with the country's three top miners losing roughly A$26.06 billion ($18.18 billion) in market value.

Shares of the three mining behemoths - Rio Tinto, BHP and Fortescue - dropped between 5.1% and 8.6%. The mining index tumbled 5.1%, hitting its lowest since Dec. 13 and extending its fall after last week's 7.4% drop.

Energy Stocks slid 5.2% to be among the biggest laggards on falling oil prices, as concerns about slowing global economic growth and fuel demand outweighed worries about tightening supplies.

Heavyweights Woodside Energy Group and Santos declined nearly 5% and 6%, respectively.

Financials, however, climbed 0.55% to break their nine-session losing streak, with the so called "Big Four" banks rising in a range of 0.3% to 1.2%.

Investors are now awaiting the Reserve Bank of Australia minutes due on Tuesday for any interest rate policy cues, said Jeffrey Halley, a senior market analyst at OANDA.

In corporate news, building materials manufacturers Brickworks and Boral are cutting back operations, hiking prices and considering moving production offshore to manage a spike in power and gas bills. Shares of Brickworks closed 0.2% higher, while those of Boral rose 0.75%.

In New Zealand, the benchmark S&P/NZX 50 index closed almost flat 10,588.2. ($1 = 1.4337 Australian dollars) (Reporting By Navya Mittal in Bengaluru; Editing by Subhranshu Sahu)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED 0.80% 39.12 Delayed Quote.-6.48%
BORAL LIMITED -1.00% 2.97 Delayed Quote.-50.82%
BRICKWORKS LIMITED -1.35% 21.2 Delayed Quote.-11.05%
FORTESCUE METALS GROUP LIMITED 4.52% 18.96 Delayed Quote.-5.57%
LONDON BRENT OIL 2.74% 96.48 Delayed Quote.21.13%
NAVYA -1.16% 0.376 Real-time Quote.-81.53%
RIO TINTO PLC 0.61% 4957.5 Delayed Quote.0.73%
S&P/ASX 200 0.07% 7020.6 Real-time Quote.-5.76%
SANTOS LIMITED 1.44% 7.05 Delayed Quote.10.14%
WOODSIDE ENERGY GROUP LTD 2.06% 31.75 Delayed Quote.41.86%
WTI 2.89% 90.55 Delayed Quote.17.49%
All news about SANTOS LIMITED
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Analyst Recommendations on SANTOS LIMITED
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Financials (USD)
Sales 2022 8 255 M - -
Net income 2022 2 672 M - -
Net Debt 2022 3 442 M - -
P/E ratio 2022 5,78x
Yield 2022 5,30%
Capitalization 16 511 M 16 511 M -
EV / Sales 2022 2,42x
EV / Sales 2023 2,52x
Nbr of Employees 3 786
Free-Float 91,1%
Chart SANTOS LIMITED
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Technical analysis trends SANTOS LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Last Close Price 4,93 $
Average target price 6,64 $
Spread / Average Target 34,5%
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 LIMITED10.14%16 030
SAUDI ARABIAN OIL COMPANY20.75%2 297 056
SHELL PLC32.57%189 639
PETROCHINA COMPANY LIMITED-1.15%130 149
TOTALENERGIES SE9.55%127 251
EQUINOR ASA50.36%115 300