A Look Into Woodside Energy Group Inc's Price Over Earnings
Portfolio Pulse from Benzinga Insights
Woodside Energy Group Inc. (NYSE:WDS) saw a slight increase of 0.51% in its stock price to $19.80 in the current market session. Despite this, the stock has experienced a decline of 1.26% over the past month and 12.78% over the past year. The company's P/E ratio of 22.67, compared to the industry average of 12.16, suggests it may be overvalued or expected to outperform the Oil, Gas & Consumable Fuels industry.
March 26, 2024 | 8:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Woodside Energy Group Inc.'s stock price increased by 0.51% to $19.80, but has seen a decline over the past month and year. Its P/E ratio of 22.67, higher than the industry average, suggests potential overvaluation or higher performance expectations.
The short-term impact on WDS's stock price is neutral due to the mixed signals from its recent price increase and overall decline in the past year. The high P/E ratio compared to the industry average could indicate overvaluation, which might deter some investors, or it could suggest higher future performance expectations. The actual impact will depend on broader market perceptions and future performance relative to these expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100