Woodside Energy Group Ltd ADR (NYSE:WDS) price on Friday, May 23, rose 1.23% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.94.
A look at the stock’s price movement, the close in the last trading session was $13.77. The PE ratio in trailing twelve months stood at 7.47. Turning to its 52-week performance, $20.17 and $11.26 were the 52-week high and 52-week low respectively. Overall, WDS moved 8.15% over the past month.
Woodside Energy Group Ltd ADR’s market cap currently stands at around $26.43 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 1.22, with its dividend yield at 8.75%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 3.31B for the company’s revenue for the quarter, with a low and high estimate of 3.31B and 3.31B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 12.39B, representing a -5.79% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WDS is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
WDS’s current price about 3.26% and 3.42% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.17, while 7-day volatility ratio is 0.97% and 1.77% in the 30-day chart. Further, Woodside Energy Group Ltd ADR (WDS) has a beta value of 0.67, and an average true range (ATR) of 0.32. Analysts have given the company’s stock an average 52-week price target of $28, forecast between a low of $28 and high of $28. Looking at the price targets, the low is -100.86% off current price level while to achieve the yearly target high, price needs to move -100.86%. Nonetheless, investors will most likely welcome a -100.86% jump to $28 which is the analysts’ median price.
If we refocus on Woodside Energy Group Ltd ADR (NYSE:WDS), historical trading data shows that trading volumes averaged 1.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.90 billion shares.
Current price change has pushed the stock -10.64% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WDS stock continues to rise going into the next quarter.
