Category: Stock Market

The Cochlear Limited (ASX: COH) share price is having a great start to the new month after struggling through a less than ideal August.

Cochlear shares fell 4.97% over the course of last month, with the biggest catalyst for the drop being the company’s financial year 2021 earnings.

Fortunately, Cochlear’s stock ended August and started September on an upward trajectory. It has gained 4.47% over the course of this week.

Right now, the Cochlear share price is trading at $237.10, gaining 1.96% today alone.

Let’s take a look at what’s been happening lately.

What’s up with Cochlear this week?

Shares in the hearing device manufacturer appear to be recovering after a poor month’s performance in August.

It has pulled itself up by the bootstraps this week after posting lower than expected profits for the 2021 financial year and less than satisfactory guidance for the financial year 2022.

As The Motley Fool Australia reported at the time, despite the company reporting profits inside its previously given guidance, it fell short of the market’s expectations.

The Cochlear share price suffered as a result, falling 7.4% on the day it posted its earnings results. The following week, shares in the company continued their downwards trajectory, falling another 4.3%.

The market hasn’t heard any fresh news from Cochlear since. However, investor confidence in the ASX healthcare giant appears to have rebounded and its shares are recovering the lost ground.

Cochlear share price snapshot

The Cochlear share price has performed well on the ASX this year.

Including this week’s upturn, it has gained 24% since the start of 2021 and is 20% higher than it was this time last year.

The post The Cochlear (ASX: COH) share price is up 4% this last week appeared first on The Motley Fool Australia.

More reading

• 3 fantastic ASX shares that could be buys
• August wasn’t a great month for the Cochlear (ASX:COH) share price
• Leading brokers name 3 ASX shares to sell today
• The ASX reporting wrap-up: Cochlear, Sydney Airport, TPG
• Cochlear (ASX:COH) share price sinks: How did its result compare to expectations?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Neuren Pharmaceuticals Ltd (ASX: NEU) share price has jumped into the green during afternoon trading on Friday.

Neuren shares are on the move after the company made a key announcement earlier today.

Let’s investigate further.

What did Neuren announce?

Neuren advised that the US Food and Drug Administration (FDA) has granted “orphan drug designation” to one of the company’s drug candidates.

For reference, the term “orphan drug” is a label given to a drug or treatment that has been developed for medical conditions that are so rare, it would be unprofitable to produce without assistance from either a sponsor or the government.

The orphan drug designation gives companies involved a special tax window of 7 years. It also gives them exclusivity over the rights to develop a cure for these kinds of rare conditions.

According to today’s announcement, the FDA granted the orphan status to Neuren’s drug candidate “NNZ-2591”, which is about to initiate Phase 2 clinical trials across a number of complex diseases.

NNZ-2591 was granted orphan drug status for the treatment of Prader-Willi syndrome. This is a neurodevelopmental disorder that causes issues with weight regulation, learning disabilities, growth hormone deficiencies, gastrointestinal issues, and difficulty controlling emotions, amid other signs and symptoms.

Neuren had previously demonstrated positive outcomes from studies of NNZ-2591 in mice.

Investors have favoured the news and are rewarding the company, pushing the Neuren Pharmaceuticals share price higher.

Neuren shares are now exchanging hands at $2.50 apiece, an 11.11% jump on the day.

What did management say?

Speaking on the announcement, Neuren CEO Jon Pilcher said:

We were excited by the strong pre-clinical efficacy of NNZ-2591, which clearly demonstrated the potential for the mechanism of action to have a positive impact on Prader-Willi syndrome. We are now delighted to receive Orphan Drug designation from the FDA following review of our rationale and data. This underpins the commercial opportunity and follows Orphan Drug designation already granted for PhelanMcDermid, Angelman and Pitt Hopkins syndromes.

Neuren Pharmaceuticals share price snapshot

The Neuren Pharmaceuticals share price has climbed 89% into the green this year to date. It has also gained 94% over the past 12 months.

These results have outpaced the S&P/ASX 200 index (ASX: XJO)’s return of about 25% over the past year.

The post Here’s why the Neuren Pharmaceuticals (ASX:NEU) share price is up 11% appeared first on The Motley Fool Australia.

More reading

• Why Metalstech, Mineral Resources, TechnologyOne, & Webjet are storming higher
• Why the Leigh Creek Energy (ASX:LCK) share price is lifting higher today
• ASX Tech shares are lagging behind the ASX 200 on Friday
• Here’s why the FYI Resources (ASX:FYI) share price is down 9% on Friday
• The Webjet (ASX:WEB) share price is up 5% in the last week

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to finish the week with a decent gain. At the time of writing, the benchmark index is up 0.7% to 7,535.5 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are storming higher:

Metalstech Ltd (ASX: MTC)

The Metalstech share price has jumped 12% to 27.5 cents. This follows the release of an update on its lithium spin-out plans. On 4 October, Metalstech shareholders will be able to vote to spin-out the company’s lithium assets to Winsome Resources. If approved, Metalstech shareholders will receive 1 Winsome share – worth 20 cents – for every 3.5 Metalstech shares held.

Mineral Resources Limited (ASX: MIN)

The Mineral Resources share price is up 2.5% to $54.65. This morning the mining and mining services company announced the completion of the acquisition of Red Hill Iron’s 40% participating interest in the Red Hill Iron Ore Joint Venture. However, this was largely priced in already. Therefore, today’s gain appears to be more likely due to bullish sentiment in the lithium sector.

TechnologyOne Ltd (ASX: TNE)

The TechnologyOne share price has climbed 3% to $10.42. Investors have been buying the enterprise software company’s shares after it announced an acquisition. According to the release, TechnologyOne has entered into an agreement to acquire Scientia Resource Management for 12 million pounds (A$22.4 million). Scientia is a United Kingdom-based technology company servicing the higher education sector.

Webjet Limited (ASX: WEB)

The Webjet share price is up 3% to $5.90. Investors have been buying the online travel agent’s shares this week following the release of a positive trading update. That update revealed that its key WebBeds business has become profitable again. Management expects this to continue and underpin a return to positive operating cash flow during the first half of FY 2022.

The post Why Metalstech, Mineral Resources, TechnologyOne, & Webjet are storming higher appeared first on The Motley Fool Australia.

More reading

• The Webjet (ASX:WEB) share price is up 5% in the last week
• ASX 200 midday update: TechnologyOne hits record high, lithium miners rise
• Why the Metalstech (ASX:MTC) share price is rocketing 16% on Friday
• Why the Mineral Resources (ASX:MIN) share price is lifting today
• How does the Mineral Resources (ASX:MIN) dividend compare to the materials sector?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Leigh Creek Energy Ltd (ASX: LCK) share price is lifting higher today, up 3.7% at the time of writing to 14 cents per share.

Below, we take a look at the licencing announcement that appears to be driving investor interest in the ASX resource explorer, which is a 100% subsidiary of Leigh Creek Oil and Gas Pty Ltd.

What did Leigh Creek announce?

Leigh Creek Energy’s share price is gaining today after the company reported it has been awarded a Petroleum Exploration Licence 676 (PEL) in key Cooper Basin oil and gas acreage by the South Australian Minister for Energy and Mining.

The licence enables Leigh Creek to progress with its agreed exploration program, which will focus on leads it identified from existing 2D seismic surveys.

Leigh Creek reported that the Native Title agreement for its prospect has been completed. It now plans a farm down, after which it will commence drilling exploration wells.

In a statement, the company said it chose to invest in Cooper Basin because it offers “a low cost of entry, relatively low risk, potential for near-term revenue as well as a favourable and stable regulator in the South Australian and Queensland governments”.

Commenting on the licence award, Leigh Creek’s managing director Phil Staveley said:

LCK’s portfolio of Cooper Basin exploration permits allow the company to diversify activities with a secondary development project which complements the Leigh Creek Energy Project (LCEP). While building the LCEP remains our ongoing focus the grant of PEL 676 illustrates our continued progress on our portfolio diversification strategy and the ongoing support of the South Australian government.

Leigh Creek Energy share price snapshot

Leigh Creek Energy’s share price is up 75% over the past 12 months, more than 3 times the 24% gains posted by the All Ordinaries Index (ASX: XAO).

Over the past month, the Leigh Creek Energy share price has seen a few big ups and downs, and is currently trading right where it was on 3 August.

The post Why the Leigh Creek Energy (ASX:LCK) share price is lifting higher today appeared first on The Motley Fool Australia.

More reading

• ASX Tech shares are lagging behind the ASX 200 on Friday
• Here’s why the FYI Resources (ASX:FYI) share price is down 9% on Friday
• The Webjet (ASX:WEB) share price is up 5% in the last week
• Up 50% this week, the Paladin Energy (ASX:PDN) share price is booming. Here’s why.
• Bitcoin cracks above US$50,000 as more altcoins soar… now what?

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX All Technology Index (ASX: XTX) is trailing the S&P/ASX 200 Index (ASX: XJO) today. While the ASX 200 is gaining 0.32%, right now, the Tech Index is down 0.56%. And the index’s biggest addition is among those leading the decline.

Let’s take a look at the tech index’s bad day.

ASX 200 beats out tech shares

The ASX 200 is beating the Tech Index today as one of the market’s favourite shares is in the red.

The Afterpay Ltd (ASX: APT) share price is faltering today. It has slipped 3.03% at the time of writing, leaving its shares trading for $130.36 apiece.

Another weight on the Tech Index is Novonix Ltd (ASX: NVX) which, before today, had gained 20% this week. The Novonix share price is currently down 0.81%, trading at $4.91.

The 4DMedical Ltd (ASX:4DX) share price is also bringing the sector down. It’s fallen around 7% since Wednesday when it announced a new trial. It is continuing its poor week’s performance by dropping 1.64% today.

Finally, Dicker Data Ltd (ASX: DDR) has lost some of the gains it made yesterday after a number of its directors bought shares in the company on-market. It’s down 3.13% today despite releasing no news.

Fortunately, the Tech Index is also home to soaring Silex Systems Ltd (ASX: SLX) stock. The Silex share price is continuing its incredible run, gaining another 10% on Friday.  Additionally, the IOUPay Ltd (ASX: IOU) share price is up 3.57% — having earlier surged 7% — despite no news having been released by the payment provider.

Also fortunately, though this time for the ASX 200, the mining sector is booming. The ASX 200 hasn’t felt too much impact from the Tech Index’s struggles as Whitehaven Coal Ltd (ASX: WHC), Pilbara Minerals Ltd (ASX: PLS), Rio Tinto Limited (ASX: RIO), and Santos Ltd (ASX: STO) are all in the green.

In fact, the struggling Afterpay share price is bringing up the rear among the ASX’s biggest companies.

The post ASX Tech shares are lagging behind the ASX 200 on Friday appeared first on The Motley Fool Australia.

More reading

• ASX 200 midday update: TechnologyOne hits record high, lithium miners rise
• What shares are moving the ASX 200 on Friday?
• 3 reasons why Soul Patts (ASX:SOL) could be a great share to own
• 5 things to watch on the ASX 200 on Friday
• Here are the 3 most traded ASX 200 shares on Thursday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO and Dicker Data Limited. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO and Dicker Data Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The FYI Resources Ltd (ASX: FYI) share price is having a woeful Friday afternoon. This comes after the mining company announced a mutual exclusivity agreement extension with Alcoa Australia.

At the time of writing, FYI Resources shares are down a sizeable 9.77% to 79 cents apiece. In comparison, the All Ordinaries Index (ASX: XAO) is up 0.49% to 7,822 points.

Extension disappoints FYI Resources investors

The FYI Resources share price is being driven down today as investor express their frustration over the extended agreement.

In the release, FYI Resources advised the potential joint venture on its high-purity alumina (HPA) project has been pushed back.

The company noted further time is needed to assess HPA opportunities that could enhance the joint venture in the market. This includes value-add initiatives that provide a delivery platform for HPA on a global scale, leveraging both companies’ expertise.

FYI Resources stated that the exclusivity agreement will be extended until 5 October 2021. It is expected that final negotiations can lead to a binding term sheet.

FYI Resources managing director, Roland Hill touched on the extended agreement, saying:

Alcoa and FYI have made tremendous headway in negotiating the significant HPA JV opportunity. In our view, both companies share a similar vision for the JV and growth opportunities of the HPA strategy. Both companies have invested a considerable amount of time and resources to progress the JV discussions to this point, it is a mutual decision to extend the negotiations to consider the value-add opportunities.

Hill went on to reassure investors about the company’s decision, adding:

We see the extension as positive as it allows both parties further time to assess and implement their intentions in order to achieve a positive outcome. We are simply giving the potential JV discussions all the time and consideration that the strategy deserves.

About the FYI Resources share price

Over the past 12 months, the FYI Resources share price has soared more than 770%, with year-to-date gains above 180%. The share price reached an all-time high of 88.5 cents on Tuesday before some profit-taking occurred.

Based on today’s price, FYI Resources has a market capitalisation of roughly $274 million, with approximately 349.1 million shares outstanding.

The post Here’s why the FYI Resources (ASX:FYI) share price is down 9% on Friday appeared first on The Motley Fool Australia.

More reading

• FYI Resources (ASX:FYI) share price soars 22% today, up 37% in a week

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Webjet Limited (ASX: WEB) share price has continued its positive run on Friday.

At the time of writing, the online travel agent’s shares are up 3% to $5.91.

This means the Webjet share price is now up over 5% this week.

Why is the Webjet share price outperforming?

Investors have been bidding the Webjet share price this week after it released a trading update on Tuesday.

According to that update, the company’s key WebBeds business returned to profitability in recent months.

This was driven by a strong rise in WebBeds total transaction value (TTV) over recent months and particularly in July.

For example, management notes that its WebBeds TTV was as low as $18 million in February. It then recovered to reach $55 million in June, before catapulting to $96 million in July. Importantly, the latter is just ahead of its break-even point.

The good news is that the recovery has continued since then with a further improvement in August. Management was expecting the business to record TTV of $113 million last month.

And while this is still only approximately 50% of WebBeds’ pre-COVID TTV levels, its cost reductions have made the business profitable at this level.

This of course means that when its TTV reaches pre-COVID levels again, its business will be significantly more profitable than it was previously. This could bode well for the Webjet share price in the future.

What else did the company announce?

Also giving the Webjet share price a boost was management’s comments on what the above means for the whole company.

Webjet’s Managing Director, John Guscic, explained: “Our post-Covid strategy is delivering results and the Company will be operating cash flow positive for the first half of Financial Year 2022. The WebBeds business was profitable in July and August and is well on track to be profitable in September.”

The prospect of its cash burn coming to an end is a big positive for the Webjet share price. This is because any excess cash could be used to create value with acquisitions or capital returns.

Can its shares go higher?

The team at Goldman Sachs were pleased with the company’s update. In response they retained their buy rating and $6.40 price target on its shares.

Based on the current Webjet share price, this implies potential upside of 8% over the next 12 months.

The post The Webjet (ASX:WEB) share price is up 5% in the last week appeared first on The Motley Fool Australia.

More reading

• Here’s why the Webjet (ASX:WEB) share price is up 14% in a month
• Top brokers name 3 ASX shares to buy today
• ASX 200 rises, Harvey Norman falls, Mesoblast sinks
• Why Aussie Broadband, Dubber, Regis Healthcare, & Webjet are storming higher
• ASX 200 midday update: Harvey Norman’s record profit, PointsBet posts large loss

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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We’re only three days into September and the Paladin Energy Ltd (ASX: PDN) share price has managed to surge more than 50% to an 8-year high of 78 cents.

Why the Paladin Energy share price is surging this week

The Paladin Energy share price is surging this week as uranium spot prices bounce back to 6-year highs of US$34.25/lb according to Cameco.

The strength behind uranium prices has witnessed broad-based buying across the uranium sector, with the Global X Uranium Exchange Traded Fund (ETF) surge 32% since 20 August.

The Uranium ETF invests in a range of companies involved in uranium mining and the production of uranium components.

Paladin Energy’s ASX-listed peers including Deep Yellow Limited (ASX: DYL) and Peninsula Energy Ltd (ASX: PEN) have also rallied strongly, up 38.7% and 35.7% respectively this week.

Paladin Energy: A comeback for the ages

Despite hitting 8-year highs, the Paladin Energy share price is still down 90% from its 2007 peaks of ~$9.45.

Back then, Paladin Energy was a major uranium producer with peak production of 5.6 million lbs in 2014 before operations were suspended due to plunging uranium prices.

Uranium prices surged to unsustainable levels of ~US$130/lb in 2007 before diving to the mid US$20/lb mark between 2016 and 2019.

Record low prices would force many projects, including Paladin Energy’s Langer Heinrich project, into hibernation.

Paladin Energy successfully raised $192.5 million back in March this year to pay off debts and eye the restart of its Langer Heinrich project.

The company’s July quarterly activities report highlighted the progress of “critical-path elements of its restart plan for the globally significant Langer Heinrich Mine”.

This included activities such as ongoing pit and mining schedule optimisation, critical engineering documentation and a high level project delivery schedule development.

Paladin Energy CEO Ian Purdy commented on the company’s progress, saying:

At Langer Heinrich we continue to advance optimisation work and have commenced detailed project
delivery and operational readiness planning. We continue to engage with global nuclear energy utilities
to secure long term contracts to underpin the restart of Langer Heinrich and ensure the project, when restarted, will deliver significant economic benefit to all of our shareholders.

The post Up 50% this week, the Paladin Energy (ASX:PDN) share price is booming. Here’s why. appeared first on The Motley Fool Australia.

More reading

• Which ASX shares are set to finish the week as the top movers on the ASX 300?
• Which ASX 300 shares are the biggest winners and losers on Thursday?
• Which shares on the ASX 300 are on the move today?

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Bitcoin (CRYTPO: BTC) has again cracked through the psychologically important US$50,000 level.

The biggest crypto by market cap hit a high of US$50,343 about 6 hours ago and has since edged lower to US$49,308.

At the current price, Bitcoin has a market valuation of US$928.5 million (AU$1.25 trillion).

While a number of altcoins have been making headline news this week for their outsized gains, Bitcoin maintains a firm grip as the world’s the dominant token. Its value equates to roughly 42% of the total cryptocurrency market cap of some US$2.2 trillion.

That’s one of the reasons crypto investors in other tokens watch Bitcoin closely, as it tends to set the wider trend.

What’s supporting the Bitcoin price?

According to Petr Kozyakov, CEO of global-payment network Mercuryo (quoted by Bloomberg):

Two fundamental factors that are likely behind Bitcoin’s push: Twitter’s potential integration of the coin as a Tip Jar payment option, and the official launch of Bitcoin as a legal tender in El Salvador come September 7. While we are expecting the $50,000 price point to hold, Bitcoin buyers are exercising more optimism for even a bigger price gain by year-end.

As for altcoins, which are any digital token that’s not Bitcoin, JPMorgan Chase & Co strategist Nikolaos Panigirtzoglou sounds a note of caution:

The previous phase of retail investors’ ‘mania’ into cryptocurrency markets was between the beginning of January and mid-May when the share of altcoins had risen from 13% to 37.6%.

While far from the record high of 55% seen in January 2018, at 32.6%, the share of altcoins looks rather elevated by historical standards and, in our opinion, it is more likely to be a reflection of froth and retail investor ‘mania’ rather than a reflection of a structural uptrend.

Speaking of potential mania…

Today’s best performing altcoin

The best performing altcoin over the past 24 hours is IOTA (CRYPTO: MIOTA).

The 36th largest crypto by market valuation at US$4.2 billion, IOTA is up 37% since this time yesterday. One IOTA is currently worth US$1.54.

So, what the heck is IOTA?

CoinMarketCap tells us:

IOTA is a distributed ledger with one big difference: it isn’t actually a blockchain. Instead, its proprietary technology is known as Tangle, a system of nodes that confirm transactions. The foundation behind this platform says this offers far greater speeds than conventional blockchains — and an ideal footprint for the ever-expanding Internet of Things ecosystem.

While IOTA has been enjoying a great day, it’s worth noting that it’s still down 39% from 16 April, when it was trading for US$2.53.

As for Bitcoin, it’s still down 22% from its 16 April record highs.

Caveat emptor.

The post Bitcoin cracks above US$50,000 as more altcoins soar… now what? appeared first on The Motley Fool Australia.

More reading

• These 2 altcoins are leaving Bitcoin in the dust this week
• Billionaire investor: Bitcoin going to zero but this ASX share should shine
• Bitcoin vs Ethereum: Which is better for me?
• The next Bitcoin? Why investors are bullish on fast-rising altcoin Cardano
• Bitcoin rockets past US$50,000 as analysts eye October price catalyst

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Santos Ltd (ASX: STO) share price has started the last day of this week’s trading with a bang. At the time of writing, Santos shares are going for $6.36 apiece, up a very healthy 2.5% today so far.

Yet the Santos share price has been struggling this year. In 2021 so far, Santos shares are still down around 1% year to date. That’s a fate shared by many ASX energy shares though – perhaps reflecting the wild and unpredictable year that the global economy has faced so far.

So today, let’s check out how the Santos dividend compares to other ASX energy shares in its sector. After all, many investors are attracted to miners and drillers for the potential dividend income that is available in this corner of the ASX.

How do Santos’ dividends stack up?

On the current share price, Santos has a dividend yield of 2.2%. That comes from the company’s latest pair of dividend payments. These consisted of a March final dividend of 6.32 cents per share, as well as the interim dividend Santos announced last month, which will hit shareholders’ bank accounts on 21 September. Both payments are fully franked, meaning that Santos’ current grossed-up yield stands at 3.16%.

So how does that compare to Santos’ peers in the ASX energy space?

Well, let’s run through some. The ASX’s largest pureplay energy share is Woodside Petroleum Limited (ASX: WPL). It’s currently trading at a share price of $20.03, which gives Woodside shares a current dividend yield of 2.87%.

Turning to Beach Energy Ltd (ASX: BPT), and Beach shares are up 1.11% so far today to $1.09 a share. That gives this driller a dividend yield of 1.83%.

Oil Search Ltd (ASX: OSH) has a similar, although smaller, yield on the table right now. At a price of $3.89 a share, Oil Search is putting up a yield of 1.35% today.

Although Ampol Ltd (ASX: ALD) is more of a downstream energy company with its refining and retailing businesses, it’s still an ASX energy share. Today, Ampol is offering a dividend yield of 2.62% at its current price of $28.65 a share.

So as we can see, Santos’ current dividend yield is pretty much right in the middle of its ASX energy peers. “Not too hot, not too cold”, some investors might say.

In addition to having a dividend yield of 2.2% at the current Santos share price, the company also has a market capitalisation of $13.25 billion.

The post How does the Santos (ASX:STO) dividend compare to the energy sector? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Friday
• ASX energy shares on watch after OPEC’s latest move
• 5 things to watch on the ASX 200 on Wednesday
• The Santos (ASX:STO) share price is down 6% this month. What’s next?
• How does the Oil Search (ASX:OSH) earnings result compare to Santos (ASX:STO)?

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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