Macquarie marks to market for the third quarter to reflect changes to oil and FX rates and also increases its fourth quarter LNG forecast to US$20/MMBtu.
Woodside Petroleum’s estimates are raised by 8%. Target is raised to $27.25 from $27.10. Outperform retained.
Sector: Energy.
Target price is $27.25.Current Price is $25.04. Difference: $2.21 – (brackets indicate current price is over target). If WPL meets the Macquarie target it will return approximately 8% (excluding dividends, fees and charges – negative figures indicate an expected loss).
