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    WPL   AU000000WPL2

WOODSIDE PETROLEUM LTD

(WPL)
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Bumper jobs data, U.S. stimulus bets push Australia shares higher

01/13/2021 | 12:42am EDT

* Energy stocks end at 10-month high, near pre-pandemic levels

* Gold stocks snap five sessions of losses on firmer bullion

* NZ logs third straight session in the red

Jan 13 (Reuters) - Australian shares settled higher on Wednesday as upbeat data pointed towards improving employment figures on the horizon, with energy stocks leading the charge on an upswing in oil prices.

The S&P/ASX 200 index was up 0.1% at 6,686.6 at the close of trade, with energy stocks being the stand-out performers after leaping 4.3%.

Job vacancies in the country surged 23.4% to hit an all-time high in the November quarter, data showed, signalling the likelihood for stronger employment growth in the offing.

"We've seen a bit of a pick-up in the job vacancies numbers, so the economy is starting to come back to some level of normal," said Steven Daghlian, analyst at CommSec.

"There are a lot of moving parts for a recovery, but one of them is going to be that the vaccine proves effective."

Some Australian doctors raised concerns over the effectiveness of AstraZeneca's COVID-19 vaccine in generating herd immunity, calling for a pause in its rollout.

Expectations of speedy distribution of vaccines have been a major driver in global markets, along with hopes that U.S. President-elect Joe Biden's administration will provide more fiscal support to help spur growth in the world's largest economy.

Woodside Petroleum jumped 5.5% and Oil Search added 6.2% to lead gains in the energy sub-index , which ended at a 10-month high as oil prices rose more than 1% after data showed a bigger-than-expected drop in inventories.

Miners and gold stocks also raked in hefty gains as Chinese steel futures and safe-haven bullion firmed. BHP Group and Newcrest Mining climbed 0.5% and 3.5%, respectively.

However, a third straight session of losses for healthcare and tech stocks weighed on the benchmark and curbed gains.

New Zealand's benchmark S&P/NZX 50 index finished 0.5% lower at 13,120.28, with utilities and industrials being the biggest drags. (Reporting by Arpit Nayak in Bengaluru, Editing by Sherry Jacob-Phillips)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP -2.45% 46.52 End-of-day quote.9.64%
LONDON BRENT OIL 0.64% 73.66 Delayed Quote.41.20%
NEWCREST MINING LIMITED -2.95% 25.96 End-of-day quote.0.70%
OIL SEARCH LIMITED -2.89% 4.03 End-of-day quote.8.63%
S&P/ASX 200 -0.65% 7307.4 Real-time Quote.11.87%
WOODSIDE PETROLEUM LTD -2.15% 23.2 End-of-day quote.2.02%
WTI 0.65% 71.835 Delayed Quote.47.13%
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Financials (USD)
Sales 2021 4 717 M - -
Net income 2021 1 137 M - -
Net Debt 2021 3 775 M - -
P/E ratio 2021 15,6x
Yield 2021 5,27%
Capitalization 16 723 M 16 733 M -
EV / Sales 2021 4,35x
EV / Sales 2022 4,70x
Nbr of Employees 3 670
Free-Float 98,9%
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Technical analysis trends WOODSIDE PETROLEUM LTD
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 22,21 $
Last Close Price 17,36 $
Spread / Highest target 78,3%
Spread / Average Target 28,0%
Spread / Lowest Target 0,64%
EPS Revisions
Managers and Directors
NameTitle
Meg OĺNeill Chief Executive Officer
Sherry Duhe Chief Financial Officer & Executive Vice President
Richard J. B. Goyder Chairman
Shaun Gregory Chief Technology Officer & EVP-Sustainability
Fiona Hick Executive Vice President-Operations
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