Woodside Petroleum's earnings and dividend were slightly below consensus. The broker is focused on the balancing act the company will need to pull off to fund its share of growth projects while retaining an attractive dividend. If concern on this front spooks the market, the broker sees a buying opportunity. Add retained, target falls to $36.85 from $37.10.

Woodside noted no direct impact on its cargoes from the virus, but discussions with new Scarborough customers in China have been impeded.

Sector: Energy.

Target price is $36.85.Current Price is $33.74. Difference: $3.11 - (brackets indicate current price is over target). If WPL meets the Morgans target it will return approximately 8% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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