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    STO   AU000000STO6

SANTOS LIMITED

(STO)
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Australia shares slip as new community Omicron case weighs; focus on GDP data

11/30/2021 | 07:26pm EST

Dec 1 (Reuters) - Australian shares edged lower on Wednesday, as the first confirmed community case of the Omicron coronavirus variant stoked fears of reimposition of restrictions and delay an economic recovery, ahead of third quarter GDP data.

The S&P/ASX 200 index lost 0.35% at 7,230.7 by 2351 GMT. The benchmark gained 0.22% on Tuesday.

Australian authorities confirmed a person with COVID-19 had the new Omicron variant after disclosing that the person had been active in the community on Tuesday.

Fears were also exacerbated by vaccine maker Moderna's chief executive officer saying vaccines are likely to be less effective against the new variant, further fuelling a global selloff.

Energy stocks tumbled as much as 1.25%, tracking a 6.2% drop in U.S. crude futures overnight.

Woodside Petroleum and Santos shed as much as 1.6% and 1.7%, respectively.

The country's fourth largest lender Australia and New Zealand Banking Group shed as much as 0.9% after it revealed a class action proceeding had been filed against it, relating to some "unfair" credit card contracts.

The financial sector lost 0.5%, with other top lenders remaining mixed.

Bucking the trend, metals and mining stocks rose as much as 1.1% after benchmark iron ore contracts soared late on Tuesday.

Major miners BHP Group, Rio Tinto and Fortescue Metals Group all advanced between 1.2% and 1.7% each.

Australia's third quarter GDP data, which is due at 0030 GMT, is likely to contract as fresh lockdowns weighed on consumer spending and investments, but the extent of the fall was milder than the historic recession recorded last year, a Reuters poll showed.

New Zealand's benchmark S&P/NZX 50 index lost 0.18% at 12,696.06, as at 2338 GMT. (Reporting by Harshita Swaminathan; Editing by Rashmi Aich)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP 2.74% 46.92 Delayed Quote.10.05%
FORTESCUE METALS GROUP LIMITED -0.15% 19.45 Delayed Quote.1.41%
MODERNA, INC. 7.30% 159.47 Delayed Quote.-37.21%
SANTOS LIMITED 1.01% 7.03 Delayed Quote.10.30%
WOODSIDE PETROLEUM LTD 0.44% 24.84 Delayed Quote.12.77%
All news about SANTOS LIMITED
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01/20Australian shares dragged by miners, gold stocks; Rio Tinto drops
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01/19Santos Logs $1.5 Billion Sales Revenue in Q4 2021
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01/19Australian shares dragged lower by financials, tech stocks
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01/19Santos Achieves Record Annual Output, Boosted by Oil Search Assets
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More news
Analyst Recommendations on SANTOS LIMITED
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Financials (USD)
Sales 2021 4 734 M - -
Net income 2021 972 M - -
Net Debt 2021 4 239 M - -
P/E ratio 2021 12,1x
Yield 2021 2,38%
Capitalization 16 615 M 16 618 M -
EV / Sales 2021 4,41x
EV / Sales 2022 2,85x
Nbr of Employees 2 722
Free-Float -
Chart SANTOS LIMITED
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Santos Limited Technical Analysis Chart | STO | AU000000STO6 | MarketScreener
Technical analysis trends SANTOS LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Last Close Price 4,92 $
Average target price 6,43 $
Spread / Average Target 30,9%
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
Hock Goh Independent Non-Executive Director
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