S-Oil Set to Post 4Q Earnings Beat -- Market Talk

Dow Jones01-09

0647 GMT - S-Oil is set to post a 4Q earnings beat on better refining margins, Hana Securities analyst Yoon Jae-sung writes in a note. The South Korean oil refiner, controlled by Saudi Aramco, may have widened profit at its refining segment since October, backed by better margins and no inventory losses, Yoon notes. He estimates S-Oil's 4Q operating profit at KRW279.90 billion, beating the market consensus forecast of KRW178.90 billion. That would mark a turnaround from an operating loss in 3Q. The company had posted a net loss for a second consecutive quarter in 3Q. Hana raises its target for the stock by 12% to KRW95,000. Shares closed 6.4% higher at KRW63,000. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

January 09, 2025 01:47 ET (06:47 GMT)

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The company had posted a net loss for a second consecutive quarter in 3Q. Hana raises its target for the stock by 12% to KRW95,000. Shares closed 6.4% higher at KRW63,000. 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The South Korean oil refiner, controlled by Saudi Aramco, may ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"POST","symbol_name":"Post Holdings","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2502706530","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502706530","pubTimestamp":1736405220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0647 GMT - S-Oil is set to post a 4Q earnings beat on better refining margins, Hana Securities analyst Yoon Jae-sung writes in a note. 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