Date | Broker | Rating | Price Target |
---|---|---|---|
10/04/2025 | UBS | Neutral | $26.50 |
10/04/2025 | Morgan Stanley | Equal-Weight | $27.00 |
08/04/2025 | Citi | Neutral | $20.50 |
08/04/2025 | Ord Minnett | Hold | $26.50 |
02/04/2025 | Morgans | Add | $30.10 |
26/02/2025 | Macquarie | Neutral | $26.00 |
UBS has maintained its Neutral rating for Woodside Energy with an unchanged target price of $26.50. The broker notes the company's agreement to sell a -40% stake in Louisiana LNG Infrastructure to Stonepeak, which should ease near-term capital pressure with Stonepeak committing $5.7bn in capex and covering 75% of 2025-26 project costs. UBS sees gearing falling to 21% in 2025 and improved free cash flow, though shareholders should expect lower dividend payouts ahead.
Morgan Stanley has maintained its Equal-weight rating for Woodside Energy with a target price of $27.00. The broker has marked-to-market for commodity prices, forex, and high-frequency production data, which is negative for the energy sector in its March quarterly review. Morgan Stanley has lowered EPS estimates by -31% for FY25 and -40% for FY26, maintaining an In-Line industry view.
Citi has maintained its Neutral rating for Woodside Energy but lowered its price target to $20.00 from $24.00, reflecting tariff-related macros risks. The broker revised forecasts to reflect the Greater Angostura sell-down, cutting the FY25 net profit forecast by -1.5% and FY26 by -4.8%. Citi forecasts a full-year FY25 dividend of 116.62 cents and EPS of 144.70 cents.
Ord Minnett has maintained its Hold rating for Woodside Energy while raising the target price to $26.50 from $26.00. The broker notes 2024 earnings of US$9.3bn and net profit of US$2.9bn were slightly ahead of expectations, with a larger-than-expected dividend. Ord Minnett highlights execution risks on large-scale projects.
Morgans has maintained its Add rating for Woodside Energy with an unchanged target price of $30.10. The broker's short-term conviction on oil has weakened due to trade war uncertainty, considering three oil price scenarios. Morgans rolled forward net debt balance assumptions, leading to minor upgrades to FY25-26 EPS and DPS estimates.
Macquarie has maintained its Neutral rating for Woodside Energy with a target price of $26.00. The broker notes that 2024 earnings of US$9.3bn and net profit of US$2.9bn were in line with forecasts, and an 80% dividend payout was maintained. Macquarie highlights the Louisiana LNG project as a key near-term catalyst, with a planned 50% sell-down.
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