Last Updated: 16 Sep 2024
Executive Summary
Woodside Energy Group Ltd (WDS) is a leading global energy company engaged in the exploration, development, and production of hydrocarbons. The company's operations span across Oceania, Asia, Canada, Africa, and internationally. With a strong financial performance and a focus on sustainability, Woodside is well-positioned for growth.
Company Overview
Woodside Energy Group Ltd is headquartered in Perth, Australia, and is listed on the NYSE. The company has a market capitalization of $30.97 billion and employs over 4,000 people worldwide. Woodside's core business is the exploration, development, and production of oil and gas, with a focus on liquefied natural gas (LNG).
Fundamental Analysis
Financials: Woodside's financial performance has been strong in recent years. The company reported revenue of $12.58 billion for the year ended December 2023, with an EBITDA of $7.97 billion. The company's net income was $2.98 billion, and its diluted EPS was $0.97.
Valuation: Woodside's trailing price-to-earnings (PE) ratio is 16.78, which is below the industry average. The company's forward PE ratio is 10.45, indicating that analysts expect Woodside's earnings to grow in the future.
Dividends: Woodside pays a quarterly dividend of $0.129 per share, which equates to a dividend yield of 0.792%.
Technical Analysis
Trend: Woodside's stock price has been in a downtrend since reaching a 52-week high of $22.86 in June 2023. The stock is currently trading below its 50-day and 200-day moving averages.
Support and Resistance: The stock price has found support at the $15.32 level, which is the 52-week low. The next level of resistance is at $17.83, which is the 50-day moving average.
Momentum: The stock's momentum indicators are currently negative, suggesting that the downtrend may continue in the short term.
Short Term Outlook
In the short term, Woodside's stock price is likely to remain under pressure as the market continues to digest the company's recent earnings report. The stock price could fall below the $15.32 support level if the downtrend continues.
Long Term Outlook
In the long term, Woodside's outlook is positive. The company has a strong financial position and a portfolio of high-quality assets. The growing demand for LNG is expected to drive growth for Woodside in the coming years.
Analyst Recommendations
Analysts are currently neutral on Woodside Energy Group Ltd. There are no strong buy or sell recommendations at this time.
