The Impact Of Return On Assets And Earnings Per Share  On Energy Sector Stock Prices

Renil Septiano; Fadel Vageno Shadam; Dewi Zulvia; Laynita Sari; Marwan M

Authors

Renil Septiano Sekolah Tinggi Ilmu Ekonomi KBP, Padang, Indonesia
Fadel Vageno Shadam Sekolah Tinggi Ilmu Ekonomi KBP, Padang, Indonesia
Dewi Zulvia Sekolah Tinggi Ilmu Ekonomi KBP, Padang, Indonesia
Laynita Sari Sekolah Tinggi Ilmu Ekonomi KBP, Padang, Indonesia
Marwan M Universitas Negeri Padang, Padang, Indonesia

Keywords:

Return On Assets, Earnings Per Share, Stock Prices, Energi Sector

Abstract

Stock price fluctuations in energy sector companies are often influenced by various factors, including the company's financial performance. One indicator that can affect stock price fluctuations is the profitability ratio, which includes the Return on Assets (ROA) and Earning Per Share (EPS) ratios. This study aims to analyze the effect of profitability ratios on stock prices of energy sector companies in Indonesia. The method used in this study is panel data regression, which allows analyzing the relationship between independent and dependent variables by taking into account variations between companies and over time. The results show that the Return on Assets (ROA) ratio has a positive effect on stock prices of energy sector companies, meaning that the higher the ROA, the higher the company's stock price. On the other hand, the Earning Per Share (EPS) ratio does not show a significant effect on stock prices in the energy sector. These findings contribute to the understanding of the factors that influence stock prices in the energy sector, as well as their implications for investors and company managers in making investment decisions and financial policies.

Downloads

References

Duli, N. (2019). Metodologi Penelitian Kuantitatif. Deepublish.

Fiona Mutiara Efendi & Ngatno. (2018). Pengaruh Return On Assets (ROA) Terhadap Harga Saham dengan Earning Per Share (EPS) sebagai Intervening (Studi Kasus pada Perusahaan Sub Sektor Tekstil dan Garmen yang terdaftar di Bursa Efek Indonesia Periode 2013-2016). Administrasi Bisnis, 7, 2.

Investor.id/Parluhutan Situmorang. (2023). Sektor Energi Melesat, Berikut Saham-Sahamnya yang Naik Paling Tinggi. Investor.Id.

Kasmir. (2008). Analisis laporan keuangan / Dr. Kasmir. Rajawali Pers.

Kuncoro, M. (2018). Metode Kuantitatif (5th ed.). UPP STM YKPN.

Nurita, E. (2022). Pengaruh Return on Asset (ROA) dan Earning Per Share (EPS) Terhadap Harga Saham Pada PT Indofood Sukses Makmur Tbk Periode 2011-2020. Jurnal EMT KITA, 6(2), 227–234. https://doi.org/10.35870/emt.v6i2.620

Nurmutia, E. (2023). Saham Sektor Energi Lesu pada 2023, Ini Penyebabnya. Liputan6.Com.

Pratomo Eryanto. (2023). Daftar Saham Energi Indonesia Terbaik di 2023, Beserta Penjelasan Kinerja. Investbro.Id.

Rifkhan. (2022). Membaca Hasil Regresi Data Panel (M. Dewi (ed.)). Cipta Media Nusantara.

Santy, V. A. D. (2017). Pengaruh ROA, ROE, dan EPS Terhadap Harga Saham PT Garuda Indonesia Tbk. Jurnal Ilmu Dan Riset Manajemen, 6(9), 1–93.

Septiano, R., Anggriana, D., Sari, L., Tinggi, S., Ekonomi, I., Kbp, ", & Padang, ". (2023). Pengaruh Modal Kerja Dan Penjualan Terhadap Laba Bersih Pada Perusahaan Otomotif Yang Terdaftar Di Bursa Efek Indonesia. 3(2), 514–524.

Septiano, R., Putri, O. H., & Shadam, F. V. (2023). International Conference on Economy , Management , and Business ( IC-EMBus ). International Conference on Economy , Management , and Business ( IC-EMBus ), 1, 444–454.

Septiano, R., & Sari, L. (2024). Perubahan net profit margin dan dampaknya terhadap harga saham: tinjauan pada industri makanan dan minuman 1,2. 4, 731–738.

Thionita, V. (2020). Definisi Return on Asset (ROA): Manfaat, Rumus, dan Contohnya. Finansialku.Com.

Zulfikar. (2016). Pengantar Pasar Modal dengan Pendekatan Statistika. Deepublish.