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

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

Arrows pointing upwards with a man pointing his finger at one.
52-Week Highs

7 ASX All Ords shares smashing new 52-week highs on Tuesday

Do you own any of these stocks at new highs today?

Read more »

A person leans over to whisper a secret to a colleague during a meeting.
Share Market News

Here's when ANZ says the first interest rate cut will be

There's been speculation that Australia's first rate cut may be delayed if the United States delays its own.

Read more »

A woman in a business suit sits at her desk with gold bars in each hand while she kisses one bar with her eyes closed. Her desk has another three gold bars stacked in front of her. symbolising the rising Northern Star share price
Gold

Would I be crazy to buy Northern Star shares at almost $15?

Is it too late to generate golden returns from this high-flying stock?

Read more »

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
52-Week Highs

13 ASX 200 shares at 52-week highs

These shares are making their shareholders smile on Thursday.

Read more »

Man raising both his arms in the air with a piggy bank on his lap, symbolising a record high.
52-Week Highs

These 5 ASX 200 shares just hit new 52-week highs

Do you own any of these five lucky stocks?

Read more »

ETF on white blocks with a rising arrow on top of coin piles.
52-Week Highs

12 ASX ETFs breaking the mould to hit 52-week highs today

What a day for ASX ETF investors!

Read more »

A happy boy with his dad dabs like a hero while his father checks his phone.
52-Week Highs

Why is the A2 Milk share price up 46% year to date and at a 52-week high?

This infant formula company's shares have delivered the goods this year.

Read more »

Man sitting in a plane looking through a window and working on a laptop.
Travel Shares

Why is the Webjet share price racing to a 52-week high today?

Webjet has been busy talking up its WebBeds business this morning.

Read more »