Latest news with #MarkWiseman
Business Insider
2 days ago
- Business
- Business Insider
Ampol Limited (CTXAF) Receives a Hold from Macquarie
In a report released today, Mark Wiseman from Macquarie maintained a Hold rating on Ampol Limited, with a price target of A$27.50. The company's shares closed last Friday at $16.30. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Wiseman is a 3-star analyst with an average return of 5.3% and a 50.00% success rate. Wiseman covers the Energy sector, focusing on stocks such as Santos Limited, Beach Energy , and Woodside Energy Group. In addition to Macquarie, Ampol Limited also received a Hold from TR | OpenAI – 4o's Bram Crudeton in a report issued on July 10. However, on July 14, UBS maintained a Buy rating on Ampol Limited (Other OTC: CTXAF). Based on Ampol Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $16.43 billion and a GAAP net loss of $112.7 million. In comparison, last year the company earned a revenue of $19.13 billion and had a net profit of $470 million
National Post
3 days ago
- Business
- National Post
Geoff Russ: The data is in — fewer newcomers in Canada means lower rent
Article content The supposed negligible impact on affordability was one of many myths used by the Trudeau government and its supporters to justify its immigration policy. Another myth was that mass immigration would 'raise living standards for all Canadians,' as stated by Century Initiative co-founder Mark Wiseman in 2016. Article content On July 7, the Conference Board of Canada released a report that found the slowing rates of immigration could help accelerate wage growth across the country, as businesses are forced to compete for labour. It has been a long time since blue-collar Canadian workers were treated as valuable. Article content Simply put, many business owners hire newcomers for low-skilled, low-wage jobs. Michael Bonner, who worked as a policy advisor in the Harper government and later as Director of Policy for the Government of Ontario, has written that, 'wages and prices are kept artificially low, and Canadians — usually young people — are priced out.' Article content The market economy is the greatest engine for creating prosperity. However, business owners break the social contract when they deliberately exploit immigration to suppress wage growth. Article content Right now, young Canadians are feeling the worst effects of the government's policies. The rate of youth unemployment stood at 8.2 at per cent at the beginning of 2020, but now it has risen to an alarming 11.2 per cent nationwide for those aged 15 to 24. Article content University graduates, born and raised in Canada, are spending their dwindling summers desperately churning out resumes in the hopes they can secure any meaningful employment before returning to school. The fortunate among them receive a polite rejection, and many have been forced to compete with temporary workers (TFWs) for low-skilled, minimum-wage jobs. Needless to say, Canada's standard of living has not improved. In fact, it has steadily fallen since 2019. Article content Another myth of modern immigration policy is the canard that Canadians will not work the same jobs as foreign workers. This is true in some sectors, such as manual agricultural labour, but these are the exceptions. Article content Canada may have a low birth rate, but young people did not suddenly disappear between 2019 and today. When nobody else is available, native-born citizens are perfectly capable of taking these allegedly undesirable jobs. Article content Article content Last year in the Globe and Mail, Christopher Worswick, an economist at Carleton University, wrote that the TFW program should be abolished completely. He outlined how many companies deliberately keep wages low and avoid improving working conditions, adding that, as foreign workers often cannot legally switch employers. Article content This system of mass, low-skilled immigration is cruel and disillusioning for all. Under the Trudeau model, per-person GDP growth languished below half a per cent annually. It was hardly worth the cost. Article content
Business Insider
29-06-2025
- Business
- Business Insider
Woodside Energy Group (WDS) Gets a Hold from Macquarie
Macquarie analyst Mark Wiseman maintained a Hold rating on Woodside Energy Group (WDS – Research Report) on June 27 and set a price target of A$24.00. The company's shares closed last Friday at A$23.72. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Wiseman covers the Energy sector, focusing on stocks such as Amplitude Energy, Santos Limited, and Woodside Energy Group. According to TipRanks, Wiseman has an average return of 7.8% and a 50.57% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Woodside Energy Group with a A$25.72 average price target, implying an 8.43% upside from current levels. In a report released on June 24, Bernstein also maintained a Hold rating on the stock with a A$24.00 price target. The company has a one-year high of A$29.72 and a one-year low of A$18.61. Currently, Woodside Energy Group has an average volume of 6.32M. Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WDS in relation to earlier this year.
Business Insider
17-06-2025
- Business
- Business Insider
Macquarie Sticks to Their Buy Rating for Santos Limited (STOSF)
In a report released today, Mark Wiseman from Macquarie maintained a Buy rating on Santos Limited (STOSF – Research Report), with a price target of A$8.85. The company's shares closed yesterday at $4.96. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Wiseman is a 3-star analyst with an average return of 1.4% and a 47.67% success rate. Wiseman covers the Energy sector, focusing on stocks such as Amplitude Energy, Ampol Limited, and Santos Limited. In addition to Macquarie, Santos Limited also received a Buy from Citi's Paul McTaggart in a report issued yesterday. However, on the same day, Morgans downgraded Santos Limited (Other OTC: STOSF) to a Sell. STOSF market cap is currently $14.62B and has a P/E ratio of 11.67. Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STOSF in relation to earlier this year.
Business Insider
22-04-2025
- Business
- Business Insider
Macquarie Reaffirms Their Buy Rating on Santos Limited (STOSF)
Macquarie analyst Mark Wiseman maintained a Buy rating on Santos Limited (STOSF – Research Report) today and set a price target of A$8.50. The company's shares closed last Monday at $3.70. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Wiseman covers the Energy sector, focusing on stocks such as Ampol Limited, Santos Limited, and Amplitude Energy. According to TipRanks, Wiseman has an average return of -6.8% and a 33.73% success rate on recommended stocks. In addition to Macquarie, Santos Limited also received a Buy from UBS's Tom Allen in a report issued on April 18. However, on April 8, Bernstein maintained a Hold rating on Santos Limited (Other OTC: STOSF). Based on Santos Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.71 billion and a net profit of $636 million. In comparison, last year the company earned a revenue of $2.97 billion and had a net profit of $790 million Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STOSF in relation to earlier this year.
