European Gas Prices Trade Slightly Lower on Easing Supply Concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2024
0mins
Source: WSJ
Natural Gas Prices: European natural-gas prices are slightly lower due to easing supply fears, but colder temperatures are expected to increase demand, with the benchmark Dutch TTF down 0.9% to 46.86 euros per megawatt hour.
Future Outlook: Analysts predict that Europe may face its coldest winter since the Ukraine invasion, which could lead to higher LNG demand and energy costs, despite stable Russian gas exports and ongoing contractual disputes.
Analyst Views on WDS
Wall Street analysts forecast WDS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WDS is 26.00 USD with a low forecast of 26.00 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 16.380
Low
26.00
Averages
26.00
High
26.00
Current: 16.380
Low
26.00
Averages
26.00
High
26.00
About WDS
Woodside Energy Group Ltd is a global energy company. Its segments include Australia, International and Marketing. The Australia segment is engaged in the exploration, evaluation, development, production and sale of liquefied natural gas, pipeline gas, crude oil and condensate and natural gas liquids in Australia. International segment is engaged in the exploration, evaluation, development, production and sale of pipeline gas, crude oil and condensate and natural gas liquids in international jurisdictions outside of Australia. Marketing segment is engaged in the marketing, shipping and trading of its oil and gas portfolio. Its projects include Pluto LNG, the North West Shelf Project, Macedon, Sangomar, the lower carbon ammonia project in Texas, and others. It holds an interest in Woodside Louisiana LNG, which is an under-construction LNG production and export terminal in Calcasieu Parish, Louisiana. The Sangomar, containing both oil and gas, is located 100 kilometers south of Dakar.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
