3 ASX 200 energy shares storming to new 52-week highs today

Records are meant to be broken, and these 3 companies have just broken into new 1-year highs.

| More on:
Arrows pointing upwards with a man pointing his finger at one.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

sdf

Key points

  • 3 ASX 200 energy shares are hitting new 52-week highs today 
  • Energy prices remain elevated 
  • Company balance sheets have been bolstered by strong returns 

After taking a beating on Tuesday, the first day of this shortened week's trading, S&P/ASX 200 Index (ASX: XJO) energy shares are storming back.

In afternoon trading, the S&P/ASX 200 Energy Index (ASX: XEJ) is up 1% compared to a 0.8% gain posted by the ASX 200.

Energy prices have pulled back some from multi-year records in recent days on fears that China's COVID-zero policies could see lockdowns expanded and crimp the nation's voracious energy demand.

But with pre-existing energy supply shortages exasperated by Russia's invasion of Ukraine, coal, crude oil, and gas remain at levels offering frothy profit margins to the top ASX 200 energy shares.

Below are 3 leading companies hitting fresh 52-week highs today to finish off the week and month.

EV charging plans spur investor interest

The first ASX 200 energy share breaking into new 52-week highs is Ampol Ltd (ASX: ALD).

Shares in the fuel station and convenience store operator are up 1.1% at the time of writing to $33.86. You have to go back to just before the pandemic-fuelled market rout in February 2020 to find the Ampol share price worth more.

Ampol shares received a boost earlier this month when the New Zealand Commerce Commission greenlighted its divestment of Gull for some NZ$509 million of cash to Allegro Funds Pty Ltd.

Today Ampol shares look to have gotten an additional boost following a media release reporting that it's ramping up electric vehicle charging ambitions via its EV charging brand, AmpCharge.

Coal demand drives this ASX 200 energy share to another 52-week high

Moving on, ASX 200 energy share Whitehaven Coal Ltd (ASX: WHC) is also ratcheting up a new 52-week high… barely!

With shares retracing in late afternoon, the Whitehaven Coal share price stands at $4.98 per share at the time of writing, up a slender margin from yesterday's close of $4.96.

Whitehaven Coal has benefited from record prices for coal, spurred by global conflict and supply shortages as demand has soared.

In the company's quarterly report, released on 20 April, it reported receiving an average coal price of $315 per tonne, up from $101 per tonne in the first quarter of 2021.

Which brings us to…

The third ASX 200 energy share notching 52-week highs

The third company hitting fresh 1-year highs today is Viva Energy Group Ltd (ASX: VEA).

Viva energy shares are up 0.2% in late afternoon trade, having also retraced from earlier gains.

Still, at $2.80 per share, the Aussie energy retailer is trading at levels not seen since December 2019.

Last week the ASX 200 energy share provided a strong quarterly operational update, indicating its total sales volumes in 1Q22 increased 9% over the same period last year.

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 Scott Phillips.

More on 52-Week Highs

Man pointing an upward line on a bar graph symbolising a rising share price.
52-Week Highs

8 ASX 200 shares hitting multi-year highs today

These shares have defied the trend, hitting new price milestones amid a day in the red for the ASX 200.

Read more »

A happy young couple celebrate a win by jumping high above their new sofa.
52-Week Highs

Guess which ASX 200 furniture retailer is up 400% in 5 years?

Up 400% over the past five years is not bad for a furniture retailer. Here's why this quiet compounder has…

Read more »

A piggy bank on the cloud in the blue sky symbolising a record high share price.
52-Week Highs

12 ASX 200 shares that smashed historical peak prices today

Twelve ASX 200 shares rose to new multi-year peaks in an otherwise quiet day of trading.

Read more »

A beautiful ocean vista is shown with a woman whose back is to the camera holding her arms up in triumph as she stands at the top of a rock feeling thrilled that ASX 200 shares are reaching multi-year high prices today
52-Week Highs

8 ASX 200 stocks striking multi-year highs today

These shares hit new price milestones amid a day in the green for the ASX 200.

Read more »

Five businessmen in suits walking up stairs in neat succession.
52-Week Highs

5 ASX 200 shares smashing new 52-week highs today

These five ASX 200 shares just broke into new multi-year and all-time highs. Here’s why.

Read more »

A mother and her young son are lying on the floor of their lounge sharing a tech device.
Technology Shares

Life360 shares are up more than 1,300% in 5 years. How does it compare to other apps?

Can Life360 compete with the likes of Facebook and Instagram?

Read more »

Emotional euphoric young woman giving high five to male partner, celebrating family achievement, getting bank loan approval, or financial or investing success.
52-Week Highs

5 ASX 200 shares hitting multi-year highs after strongly rebounding from tariff turmoil

These stocks have hit new price milestones amid a day in the green for the ASX 200.

Read more »

Woman laying with $100 notes around her, symbolising dividends.
52-Week Highs

Which ASX All Ords stock recently became a 10-bagger in 5 years?

Landing a 10-bagger is every investor's dream.

Read more »