Woodside Energy Group Ltd ADR (NYSE: WDS): Stock Surge On The Way?

The trading price of Woodside Energy Group Ltd ADR (NYSE:WDS) floating higher at last check on current market day and closing at $16.63, 0.12% higher than its previous close.

The company’s P/E ratio in the trailing 12-month period was 8.91. In examining the 52-week price action we see that the stock hit a 52-week high of $20.17 and a 52-week low of $11.26. Over the past month, the stock has gained 18.11% in value.

Woodside Energy Group Ltd ADR, whose market valuation is $31.52 billion at the time of this writing, is expected to release its quarterly earnings report in July. The dividend yield on the company stock is 7.34%, while its Forward Dividend ratio is 1.22. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest WDS has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.

A quick review shows that WDS’s price is currently 11.99% off the SMA20 and 21.20% off the SMA50. The RSI metric on the 14-day chart is currently showing 81.89, and weekly volatility stands at 2.60%. When measured over the past 30 days, the indicator reaches 1.56%. Woodside Energy Group Ltd ADR (NYSE:WDS)’s beta value is currently sitting at 0.69, while the Average True Range indicator is currently displaying 0.36. With analysts defining $28-$28 as the low and high price targets, we arrive at a consensus price target of $28 for the trailing 12-month period. The current price is about -68.37% off the estimated low and -68.37% off the forecast high, based on this estimate. Investors will be thrilled if WDS’s share price rises to $28, which is the median consensus price. At that level, WDS’s share price would be -68.37% below current price.

To see how Woodside Energy Group Ltd ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: WDS stock’s performance was 0.12% at last check in today’s session, and -8.02% in the past year. Woodside Energy Group Ltd ADR has a P/E ratio of 8.91.

An evaluation of the daily trading volume of Woodside Energy Group Ltd ADR (NYSE:WDS) indicates that the 3-month average is 1.01 million.

Currently, records show that 1.90 billion of the company’s shares remain outstanding. The institutions hold 1.26%. However, since the stock’s price has seen 6.60% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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