Woodside Petroleum Limited Receives Underperform Rating from Macquarie (WPL)
Woodside Petroleum Limited (ASX:WPL)‘s stock had its “underperform” rating restated by stock analysts at Macquarie in a report issued on Friday. They currently have a $39.00 price target on the stock.
Shares of Woodside Petroleum Limited (ASX:WPL) traded down 0.70% during mid-day trading on Friday, hitting A$41.300. The stock had a trading volume of 6,509,401 shares. Woodside Petroleum Limited has a one year low of A$33.310 and a one year high of A$41.720. The stock’s 50-day moving average is A$39.72 and its 200-day moving average is A$38.60. The company has a market cap of A$34.027 billion and a P/E ratio of 19.57.
A number of other analysts have also recently weighed in on WPL. Analysts at RBC Capital upgraded shares of Woodside Petroleum Limited to an “underperform” rating in a research note on Thursday, June 19th. They now have a $43.00 price target on the stock, up previously from $40.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Woodside Petroleum Limited in a research note on Sunday, June 8th. They now have a $37.15 price target on the stock. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Woodside Petroleum Limited presently has an average rating of “Hold” and a consensus target price of A$242.79 ($229.04).
Woodside Petroleum Ltd (ASX:WPL) is an Australia-based oil and gas company.
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