WPL - WOODSIDE PETROLEUM LIMITED
Morgansrates WPL as Upgrade to Add from Hold (1) - Morgans views Woodside Petroleum’sshare price as trading at a discount to the value of its existing operations.
Asa result the broker upgrades the rating to Add from Hold and maintains thetarget price of $23.40.
Thepursuit of growth opportunities and maintenance of an elevated dividend payoutratio raises the spectre of the need for additional external capital.
However,under various equity raise scenarios, Morgans shows the company’s value is moresensitive to an eventual recovery versus future dilution risk.
Theanalyst points out a key risk would be a more severe regional economic hit fromcovid-19, than currently assumed by the broker.
WPL - WOODSIDE PETROLEUM LIMITED Morgansrates WPL as Upgrade to...
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Last
$27.92 |
Change
0.010(0.04%) |
Mkt cap ! $53.01B | |||
| Open | High | Low | Value | Volume |
| $27.97 | $28.03 | $27.76 | $148.8M | 5.314M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $27.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.92 | 5927 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$27.88 |
Change
0.010 ( 0.16 %) |
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| Open | High | Low | Volume | ||
| $27.97 | $28.03 | $27.76 | 665619 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| WDS (ASX) Chart |