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    WDS   AU0000224040

WOODSIDE ENERGY GROUP LTD

(WDS)
  Report
Delayed Australian Stock Exchange  -  12:10 2022-12-02 am EST
35.71 AUD   -2.56%
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australian shares end higher on strong energy stocks, job data cheer

09/15/2022 | 02:41am EST

* Energy stocks, banks lead gains on ASX 200

* Australia's net employment rose in August

* NZ's GDP rose 1.7% in June qtr

Sept 15 (Reuters) - Australian shares ended higher on Thursday boosted by energy stocks on strong crude prices, while the country's employment bouncing back in August also supported sentiment.

The S&P/ASX 200 index closed 0.2% higher at 6,842.90. The benchmark dropped 2.6% on Wednesday, its sharpest fall in three months amid a global selloff.

Energy stocks jumped 3.7% and posted their best session since Sept. 5 as oil prices firmed. Oil and gas majors Woodside Energy and Santos advanced 4.3% and 3.5%, respectively.

Financials gained 1.1%, with the 'Big Four' banks rising between 0.8% and 3.3%.

On the downside, miners shed 0.4%. Lithium developer Lake Resources led losses, slumping 12.7% a day after the company said a dispute had arisen with Lilac Solutions over the deadline for the U.S. partner to acquire a 25% stake in Kachi lithium project in Argentina.

Global miner Rio Tinto retreated 0.2%, while rivals BHP Group and Fortescue Metals rose 0.4% and 0.9%, respectively.

Bullion hit a near two-month low, dragging local gold stocks 0.8% lower. The country's largest gold miner Newcrest Mining declined 0.6%.

Meanwhile, Australia's net employment rose in August, in line with market forecasts and mostly reversing a fall in the previous month, while jobless rate inched up to 3.5% from 3.4%.

"It is quite certain that a month's data would not change the dominating theme that unemployment is at a record low in Australia," Kalkine Group Chief Executive Officer Kunal Sawhney said.

"Since the labour market is too hot, it undoubtedly gives additional support to the central bank's extended hawkish stance."

Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 ended flat at 11,658.94.

The economy rebounded sharply last quarter, as its gross domestic product rose 1.7%, beating forecasts and posting a timely recovery from the first quarter's 0.2% drop. (Reporting by Upasana Singh in Bengaluru; Editing by Rashmi Aich)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED -1.55% 45.76 Delayed Quote.41.64%
BRENT OIL -1.49% 85.9 Delayed Quote.11.13%
EURO / ARGENTINE PESO (EUR/ARS) 0.33% 177.0653 Delayed Quote.51.17%
FORTESCUE METALS GROUP LIMITED -1.40% 19.68 Delayed Quote.3.90%
LAKE RESOURCES NL 2.49% 1.03 Delayed Quote.-0.50%
NEWCREST MINING LIMITED 2.08% 21.09 Delayed Quote.-13.85%
RIO TINTO PLC -0.25% 5584 Delayed Quote.14.15%
S&P/ASX 200 -0.72% 7301.5 Real-time Quote.0.00%
SANTOS LIMITED -3.77% 7.15 Delayed Quote.17.75%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.00% 168.08 Delayed Quote.63.32%
WOODSIDE ENERGY GROUP LTD -2.56% 35.71 Delayed Quote.67.12%
WTI -1.34% 80.208 Delayed Quote.6.89%
All news about WOODSIDE ENERGY GROUP LTD
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Analyst Recommendations on WOODSIDE ENERGY GROUP LTD
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Financials (USD)
Sales 2022 16 684 M - -
Net income 2022 5 463 M - -
Net Debt 2022 2 192 M - -
P/E ratio 2022 7,08x
Yield 2022 11,0%
Capitalization 46 151 M 46 151 M -
EV / Sales 2022 2,90x
EV / Sales 2023 2,84x
Nbr of Employees 3 684
Free-Float 99,6%
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Technical analysis trends WOODSIDE ENERGY GROUP LTD
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 24,31 $
Average target price 25,58 $
Spread / Average Target 5,26%
EPS Revisions
Managers and Directors
Meg OĺNeill Chief Executive Officer, MD & Director
Graham Tiver Chief Financial Officer & Executive Vice President
Richard J. B. Goyder Chairman
Daniel Kalms Executive Vice President-Technical Services
Fiona Hick Executive Vice President-Operations
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