BUZZ-UBS, Morningstar raise earnings forecasts for Australia's Woodside Energy

Reuters
25 Jul
BUZZ-UBS, Morningstar raise earnings forecasts for Australia's <a href="https://laohu8.com/S/WDS.AU">Woodside Energy</a>

** UBS raises price target on Woodside Energy WDS.AX to A$25.00 from A$23.30, while Morningstar hikes its fair value estimate by 3% to a Street high of A$42.60

** Australia's top gas producer reported stronger-than-expected 8% rise in second-quarter revenue on Wednesday

** UBS raises Woodside's 2025-26 EPS projection by 5% to 13% on Sangomar project's strong performance and lower production costs

** Morningstar lifts Woodside's 2025 EPS expectation by 7%, flagging better-than-expected production with "excellent Sangomar performance"

** Fourteen analysts on average rate the stock "hold"; with a median price target of A$25.63, according to data compiled by LSEG

** YTD, WDS up 2.7%

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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