WPL

Woodside Petroleum (WPL) company shares have a Buy 1 broker call and a share price target of $44.64 from stock analyst and investment bank UBS. UBS values Woodside Petroleum at a NAV $30.67 based on 10 percent DCF (Nominal discount rate) of the brokers' cash flow forecasts over the 2P reserve life of existing producing assets and all known committed and highly probable projects. Their share price target is based on their NAV, significant contingent resources and potential upside from exploration. UBS believes that WPL is one of Australia's best long term resource sector investments, "largely due to its high quality asset base which we believe has potential to support an exceptional production growth profile from a diversified portfolio of mainly Woodside operated oil, gas and LNG project developments."

Woodside Petroleum (WPL) have a changed rating from Hold (2M) to a Buy (1M) and a lower share price target of $43.00 (from $43.20) from stock analyst Citigroup Investment Research (CIR). The upgrade in rating comes as the Woodside share price falls and the strong belief of CIR that the underlying long-term story is still intact.

UBS has maintained their Buy 1 stock recommendation for Woodside Petroleum (WPL) shares with a share price target of $45.18. The stock analyst has a stronger valuation of $32.24 (from $31.86). UBS notes that this resources company has significant gas resources and exploration upside potential. "Xena could be the first of several satellite gas fields in the Pluto region. WPL is currently interpreting 3-D seismic carried out in the same permit to the north of Pluto, as well as in WA-269-P (WPL 50% & operator) further north. 3-D seismic is now proposed over WA-370-P (WPL 50% & operator).

Stock broker, UBS have rated the Woodside Petroleum (WPL) stock with a Buy 1 rating with a share price target of $44.80. The stockbroker have estimated that Woodside Petroleum's "hydrocarbon production will grow by 19% this year, 22% next year and another 32% in 2008. We also think Woodside's production base has potential to more than double by around 2008 (from the 2005 level)." Also, UBS has also observed that their "Gulf of Mexico exploration success rate has moved from 1 in 6 to better than 1 in 2 for the last 4 - 5 wells.

Macquarie Research Equities (MRE) note that ""

With investors increasingly risk averse, share prices are at risk in this reporting season if profit delivery does not match the market’s expectations. This change in investor risk appetite driven by concerns over the outlook for global growth and the continued increase in cash rates around the world (ECB and Bank of England the most recent) is impacting on market valuations.

UBS has a Neutral 1 rating for the Woodside Petroleum (WPL) stock with a share price target of $46.50. The broker values the company at $33.63 per share (before it was $34.08) based on DCF at 10 percent. While Macquarie Research Equities retains their positive view on the stock noting "exceptionally strong volume and earnings growth forecast in the near term, coupled with continuing upward pressure on the oil price." Macquarie has an outperform recommendation in the stock with a share price target of $50.20.

UBS has rated Woodside Petroleum (WPL) with a Buy 1 recommendation with a share price target of $46.84. The upgrade move comes after the recent share price correction, and the broker sees this as a long term buying opportunity for this oil company. UBS rates Woodside Petroleum as "one of Australia's best long term resource sector investments, due to its high quality asset base which has potential to support an exceptional forward growth profile." Woodside Petroleum Limited is listed on the Australian Stock Exchange (ASX) under stock code WPL. Check your charts!

Macquarie Research Equities (MRE) have upgraded their recommendation for the Woodside Petroleum (WPL) stock as a result of the recent retreat in commodity prices. MRE has a WPL share price target of $48.26. Woodside Petroleum is listed on the Australian Stock Exchange (ASX) under stock code WPL. Check your charts!

UBS currently has a Neutral 1 rating for the Woodside Petroleum (WPL) stock with a share price target of $46.84. While their total valuation of WPL is $34.23 based on DCF at 10 per cent. UBS plugged in their US natural gas forecast into the equation and resulted in an increase of their LNG price forecasts of 23% in 2006E, 31% in 2007E, 27% in 2008E, all other things being equal. The impact of the possible price target per share is theoretically $51.45 per share.

Macquarie Research Equities (MRE) maintains a preference for stocks with offshore growth exposures via the current resources boom. MRE favours the following Australian listed stocks: BHP Billiton (BHP), Rio Tinto (RIO) and Woodside Petroleum (WPL). MRE are also overweight international industrials in tight oligopolies (a market is dominated by a small number of sellers) like Rinker (RIN), Brambles (BIL), Aristocrat (ALL) and CSL Ltd. MRE also views the banking sector as a defensive part of a portfolio.