Why these 3 stocks are soaring at 52-week highs

The overall index is still down, but these 3 stocks are kicking share price goals regardless

a woman

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

The ASX is expected to climb today after a Wall Street rebound in the US overnight, with the S&P/ASX 200 sitting at 5743 points at the time of writing.

But these three stocks have been kicking share price goals regardless of overall index downturns in the past week, sitting up at 52-week highs today.

Senex Energy Ltd (ASX: SXY)

Shares in oil and gas company Senex Energy Ltd have been flying upwards in the last 12-months, hitting a 52-week high today at 43c per share.

Senex is focused on developing energy sources in Australia's Copper Basin, Eromanga and Surat Basins with land holdings in coal seam gas acreage in the LNG feedstock area of the Surat Basin.

With a market capitalisation of $615 million, Senex is an emerging oil and gas player, with half-year results released in February reporting solid production and cost control from its base oil business and a strategic focus on the east coast gas market, with first gas to be delivered to customers out of its Project Atlas by 2019.

Investors have likely been impressed by Senex's continued focus on low operating costs and solid production from its Cooper Basin oil portfolio, with plans to ramp up Surat Basin gas volumes throughout the 2018 calendar year likely to weigh in on FY18 results.

Senex appears to have a solid growth strategy with on-track production guidelines and is one to watch for investors looking for a more speculative resource stock.

Summerset Group Holdings Ltd (ASX: SNZ)

Shares in New Zealand-based integrated retirement village, rest home and hospital company Summerset Group Holdings Ltd have rocketed up in price over the last 12-months to hit a 52-week high of $6.47, up from $4.22 at this time last year.

Summerset has 21 retirement villages across New Zealand with plans for further such developments in Lower Hutt, Parnell, Rototuna and St Johns.

Financial results for the year ended December 31, 2017, reported an NPAT of NZ$223.4 million for Summerset, up 54% on the FY16, with 450 new retirement units delivered over the period and a final dividend of NZ7.1c per share.

It's hard not to love any company that has a stronghold in the burgeoning aged care services market, and Summerset is certainly asserting itself as a serious player in the space, with 20 years in the industry under its belt and a reputation for well-run retirement villages that are popular with customers.

Summerset is one to watch as it appears to be going from strength-to-strength.

Propertylink Group (ASX: PLG)

Shares in real estate group Propertylink Group held steady at $1.03 today – a 52-week high for the stock.

Propertylink Group owns a diversified portfolio of industrial and logistics properties and an investment and asset management business, with strong first-half results reported in February showing solid growth in net tangible assets of 12% to 97.5c per security and a robust balance sheet with gearing of 30.6%.

Propertylink appeared to capitalise well on its financial position over the first half, with investors likely confident on the basis of the company's proven ability to source capital and investment opportunities while maintaining a disciplined approach to asset acquisition.

Propertylink has made some divestments in the past 6 months but is focused on strategies to leverage emerging market trends of urbanisation and e-commerce into the second half and beyond.

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »