WPL – UBS rates the stock as Neutral
UBS maintains a Neutral rating. Target price eases to $31.80 from $32.20
Read MoreTag: WPL
Merger Approved, Climate Dissent at Woodside AGM
Woodside shareholders approved the $63bn merger with BHP Petroleum on Thursday while at the same time delivering a strong rebuke to management over the company’s climate policy.
Read MoreWPL – UBS rates the stock as Neutral
The broker lowers its 2023 and 2024 EPS estimates due to lower expected production. The price target falls to $32.20 from $32.90. Neutral.
Read MoreOil & Gas Outtakes: WPL, BPT
External pressures and the market’s bearish mood totally quashed any positive sentiment to be gleaned from upbeat quarterly updates released on Tuesday by Woodside and Beach Energy.
Read MoreWPL – UBS rates the stock as Neutral
The Neutral rating is maintained on a full valuation, and the broker prefers Santos ((STO)) in the sector. The target falls by -5% to $32.90 on reduced values for the Sangomar and Trion oil fields.
Read MoreWPL – UBS rates the stock as Buy
After developing a detailed valuation of Woodside Petroleum to incorporate the Petroleum business acquired from BHP Group ((BHP)), UBS arrives at an unchanged $29 target price and retains a Buy rating
Read MoreWPL – UBS rates the stock as Buy
The Buy price and $29 target are retained.
Read MoreStock Snippets: WPL, WES, TLS, S32
Another busy day on the Australian bourse. Here’s the latest from some of the companies at the bigger end of town – Woodside Petroleum, Wesfarmers, Telstra and South32.
Read MoreDestabilisation Forces Woodside out of Myanmar
Woodside has followed France’s TotalEnergies and Chevron of the US in quitting Myanmar following last year’s military coup and the deteriorating human rights situation there.
Read MoreAsset Revaluation Returns Woodside a Cool $1bn
Woodside is looking at a near $1 billion one-off boost from the write back of previous losses taken in the troubled 2020 year as world prices collapsed and demand plummeted.
Read MoreBig End of Town Delivers the Good Oil
The global LNG boom and energy shortage in Europe and China over the last half of 2021 saw energy majors Santos and Woodside report strong fourth quarters on Thursday.
Read MoreWoodside Gets Final Approval for BHP Purchase
The ACCC has greenlit Woodside Petroleum’s proposed acquisition of BHP Petroleum.
Read MoreMarket Tells Woodside it Looks Good in Green
The market liked what it heard from Woodside Petroleum on Wednesday about the headline $5 billion spend figure earmarked for its green ambitions in future years.
Read MoreTrading Tidbits: WPL, AST, APA, NCK, HUO, SIQ
A busy news day for the ASX on Monday, with Woodside, AusNet, APA, Nick Scali, Huon Aquaculture and Smartgroup all making key announcements to the market. Here are the details.
Read MoreSantos and Woodside Positively Gushing
With global oil and LNG prices surging in the Sep quarter, no surprise the country’s two leading independent producers – Woodside and Santos – reported big jumps in revenue and earnings.
Read MoreWPL – Macquarie rates the stock as Outperform
Woodside Petroleum’s estimates are raised by 8%. Target is raised to $27.25 from $27.10. Outperform retained.
Read MoreGods Smiling on Marriages Made in Heaven
The gods are smiling on our two big energy sector marriages – BHP selling its oil and gas operations to Woodside and its own shareholders, and the Santos swallowing of Oil Search.
Read MoreProfit Briefs: OZL, WPL
With peak reporting season upon us, here are snippets from the results announced yesterday by a couple of key resource companies: OZ Minerals and Woodside Petroleum.
Read MoreGreen Pivot a Reality for BHP: Oil Out, Potash In
News that BHP was exiting carbon and becoming ‘greener’ via its Jansen potash project in Canada was overshadowed by the 2020-21 result, huge dividends and the Woodside Petroleum deal.
Read MoreWPL – UBS rates the stock as Buy
The broker’s Buy rating and $26.10 target is maintained, as the company trades with an implied oil price of $54/bbl versus spot of $72/bbl.
Read MoreWPL – UBS rates the stock as Buy
The Buy rating is retained and the target price decreases to $26.10 from $26.20.
Read MoreLNG Surge Fuels Woodside Revenue Surprise
Woodside Petroleum is looking at a solid rebound in first half earnings from 2020’s very weak level after higher prices of LNG boosted revenue nearly 30% in the June half.
Read MoreWoodside, St Barbara, South32 Give Updates
Some balance sheet and operational house cleaning yesterday from Woodside Petroleum and gold miner St Barbara Mining, while South32 had a promising update for shareholders.
Read MoreWoodside Petroleum CEO Calls Time
When Woodside Petroleum CEO Peter Coleman was named to the job in May 2011, the price of US West Texas Intermediate crude (one of the two global marker crudes) was a smidge over $US100 a barrel and the Woodside share price was around $45.
Read MoreBullish View Opens Up For Oil
A robust outlook for oil prices is emerging after a volatile and difficult 2020, as high levels of inventory are wound back and producers adjust to the absence of supply investment
Read MoreWoodside Q3 Revenue Drops 42% As Virus Hammers Energy Markets
Revenue shock continues for Woodside as lower oil and LNG prices carve hundreds of millions from its top line.
Read MoreWPL – Credit Suisse rates the stock as Outperform
Credit Suisse observes Woodside Petroleum has been sold off because of a perceived lack of short-term catalysts. The broker also considers a potential equity raising to fund growth and the imminent decline in the North West Shelf are weighing on sentiment.
Read MoreWPL – UBS rates the stock as Buy
UBS believes processing Scarborough gas at the North West Shelf (NWS) is the most value accretive of the various approaches assessed. The broker believes if Woodside Petroleum acquires an additional 33% equity in the NWS, this may allow the company to pivot towards the higher value Scarborough concept.
Read MoreWPL – Morgans rates the stock as Upgrade to Add from Hold
Morgans views Woodside Petroleum’s share price as trading at a discount to the value of its existing operations.
Read MoreWhen Is It Time To Buy Woodside?
We recently reviewed Woodside Petroleum (ASX:WPL) after the Company reported its results for the six months to 30 June 2020 (1H20). With the share price continuing to fall despite some strong fundamental drivers, at what point does WPL become an attractive opportunity?
Read MoreWoodside Laments Oil Collapse With Huge Half-Year Loss
As expected Woodside Petroleum reported a massive half-year loss, thanks to the billions of dollars of impairments announced earlier this year and the impact of the collapse in oil and LNG prices.
Read MoreHigher Production Not Enough To Offset Lower Prices At Woodside
A day after revealing over $US6 billion in asset write-downs, Woodside Petroleum has revealed record production for the June quarter and half year, but not it seems for revenues.
Read More“Tough Decisions”: Widespread Writedowns At Woodside
Woodside Petroleum has taken the axe to its asset base, hacking billions of dollars off in impairment charges as it cuts the outlook for its key gas and oil businesses.
Read MoreWPL – Morgans rates the stock as Hold
The broker retains a Hold rating on Woodside Petroleum, but is cautious as there are many questions that remain unanswered. Does Woodside buy Chevron’s North West Shelf stake, now on offer?
Read MoreWPL – UBS rates the stock as Buy
The oil price has lifted from its April low, benefiting from a lift in sentiment as a result of reduced supply and the lifting of mobility restrictions.
Read More“Unprecedented Combination”: Woodside Counts Cost Of Oil War
Woodside is looking at a massive fall in first-half revenue and earnings in the wake of the still-evolving oil price crash.
Read MoreCuts To Oil Production Unlikely To Be Enough
The US has brokered an historic oil production agreement between OPEC, Russia and the G20, although brokers are sceptical about whether this will have enough impact on supply/demand dynamics.
Read MoreWPL – Credit Suisse rates the stock as Outperform
Woodside has reduced expenditure by -US$2.4bn. Credit Suisse notes the balance sheet is robust and there is little risk to debt covenants under current conditions.
Read MoreSouth32, Woodside, ALS All Batten Down The Hatches
Woodside Petroleum is bracing for “unprecedented circumstances”, global testing giant ALS is marshaling its financial forces to survive the impact of COVID-19 while South32 plans slash capital expenditure and has suspended its on-market buyback.
Read MoreWho (Eventually) Benefits From The New Oil Shock
In more normal times – and nothing is normal at the moment – low oil prices benefit the global economy and stocks such as manufacturers and transport companies. Tim Boreham outlines those Australian companies which stand to benefit from significantly lower energy prices.
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