Ampol stock gets a Buy rating from Ord Minnett

Published on 10/08/2026 at 06:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ord Minnett kept its Buy rating on October 5, 2026, with an AUD 43.00 target. Ampol reported AUD 20.29 billion in quarterly revenue and AUD 1.36 billion in net profit for the period ended June 30.

Ampol, AU0000088338, Illustration mit AI erstellt.

Ampol (ISIN AU0000088338) stock was last at AUD 43.73 on the ASX on October 6, 2026. The Globe and Mail reported on October 5, 2026, that Ord Minnett maintained a Buy rating and set an AUD 43.00 price target.

Buy rating follows earnings rebound

The rating came alongside a sharp improvement in Ampol's latest reported quarter, which ended June 30, 2026. According to The Globe and Mail, quarterly revenue reached AUD 20.29 billion, compared with AUD 15.3 billion in the year-earlier period. Net profit was AUD 1.36 billion, versus a GAAP net loss of AUD 25.3 million a year earlier.

That comparison changes the balance of the story. Revenue increased by AUD 4.99 billion on the figures reported by the publisher, while the earnings swing moved from a loss to a profit. The figures are reported results, not analyst estimates.

EV charging adds a second growth leg

Ampol is also extending its retail energy network beyond conventional fuel. The Driven reported on October 1, 2026, that Ampol agreed to buy Evie Networks for AUD 225 million, subject to regulatory approval.

The transaction would add more than 1,030 charging bays to Ampol's network, which the report described as having more than 300 existing bays. Ampol is targeting earnings of more than AUD 30 million from the acquired business within three years, giving the deal a measurable operating test rather than a purely strategic rationale.

ASX price stays near yearly high

The ASX quote of AUD 43.73 on October 6, 2026, sits below the 52-week high of AUD 44.84 cited by InvestPane. The same page lists a 52-week low of AUD 27.75, placing the latest quoted price AUD 16. -02 above the low after exact subtraction is not used because the source values have different trading dates.

For investors, the key tension is clear in the numbers. Ampol has a materially stronger latest quarterly profit comparison, while the Evie purchase adds execution and regulatory milestones to the investment case. Ord Minnett's AUD 43.00 target is below the AUD 43.73 ASX quote, so the rating and target point in different directions.

Ampol stock was last at AUD 43.73

Ampol stock was last at AUD 43.73 on the ASX on October 6, 2026, with the quote below the cited 52-week high of AUD 44.84. The next stock-specific checkpoint is the company's integration and regulatory progress on the AUD 225 million Evie transaction.