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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Santos Limited    STO   AU000000STO6

SANTOS LIMITED

(STO)
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Australian shares end at nine-month high; NZ up for 11th day

11/17/2020 | 12:58am EST

* NZ benchmark hits record close

* Australia hits highest close since late-Feb

* "Big Four" banks rise between 0.7% and 3%

Nov 17 (Reuters) - Australian shares closed on Tuesday at their highest in nearly nine months, pushed up by financial and energy stocks after Wall Street surged overnight on news of the promising results of a second coronavirus vaccine candidate.

The S&P/ASX 200 index closed 0.2% higher at 6,498.2 points, the highest since Feb. 27. The index had risen 1.2% on Monday, before a software glitch forced trading on the Australian Securities Exchange to halt 20 minutes from open.

Major U.S. indexes notched record closing highs on Monday, as Moderna said its experimental coronavirus vaccine was 94.5% effective, days after positive test results from Pfizer's vaccine candidate.

"Lot of stocks that have been out of favour are rising on hopes that this virus downturn will be behind us in the days ahead, " said Brad Smoling, managing director at Smoling Stockbroking.

Travel stocks, which have been among the biggest casualties of the pandemic, logged significant gains.

A jump in oil prices pushed energy stocks to their highest in five months, with heavyweights Woodside Petroleum , up 3.2%, and Santos, gaining 3.5%, among the biggest boosts to the sub index.

Financials hit their highest since early March, with the "Big Four" banks adding between 0.7% and 3%.

Smoling said there was hope that the virus announcements would restore normalcy to embattled businesses, so people were picking up bank stocks on expectations that bankruptcies and defaults would lessen.

On the downside, tech stocks dropped 2.8%, while gold stocks tumbled 4.1%.

In New Zealand, the benchmark extended its winning streak to an eleventh session, rising 0.2% to a record close of 12,765.03 points.

Local shares of Westpac Banking Corp and Australia and New Zealand Banking Group were the top percentage gainers, rising 2.8% and 3.1%, respectively. (Reporting by Arundhati Dutta in Bengaluru; editing by Uttaresh.V)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -1.92% 55.07 Delayed Quote.7.68%
MODERNA, INC. -1.47% 131.02 Delayed Quote.27.29%
S&P/ASX 200 -0.34% 6800.4 Real-time Quote.3.59%
SANTOS LIMITED -2.57% 7.21 End-of-day quote.14.99%
WESTPAC BANKING CORPORATION -0.18% 21.78 End-of-day quote.12.44%
WOODSIDE PETROLEUM LTD -1.45% 26.56 End-of-day quote.16.80%
WTI -1.77% 52.063 Delayed Quote.9.87%
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More news
Financials (USD)
Sales 2020 3 427 M - -
Net income 2020 -159 M - -
Net Debt 2020 3 158 M - -
P/E ratio 2020 -87,0x
Yield 2020 0,79%
Capitalization 15 019 M 11 590 M -
EV / Sales 2020 5,30x
EV / Sales 2021 4,44x
Nbr of Employees 2 178
Free-Float 84,8%
Chart SANTOS LIMITED
Duration : Period :
Santos Limited Technical Analysis Chart | STO | AU000000STO6 | MarketScreener
Technical analysis trends SANTOS LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 5,63 $
Last Close Price 7,21 $
Spread / Highest target 5,08%
Spread / Average Target -22,0%
Spread / Lowest Target -50,7%
EPS Revisions
Managers and Directors
NameTitle
Kevin Thomas Gallagher Chief Executive Officer, MD & Executive Director
Keith William Spence Non-Executive Chairman
David Banks Chief Operating Officer
Anthony Neilson Chief Financial Officer
Hock Goh Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SANTOS LIMITED14.99%11 969
SAUDI ARABIAN OIL COMPANY-0.57%1 854 023
ROYAL DUTCH SHELL PLC12.25%151 085
TOTAL SE3.33%116 448
PETROCHINA COMPANY LIMITED5.42%113 685
GAZPROM2.64%69 968