The Woodside Energy Group Ltd (ASX: WDS) share price could keep lifting higher, according to one global asset management company.

Woodside shares closed 0.28% lower today to finish at $35.34 apiece. However, the S&P/ASX 200 Index (ASX: XJO) fell 1.31% today.

Let’s take a look at what could be ahead for the Woodside share price.

What’s ahead for the Woodside share price?

Analysts at AllianceBernstein have lifted the price target on Woodside shares to $46 apiece, the Australian Financial Review reported.

This implies a 27% upside based on today’s closing price.

Analysts are optimistic gas and oil prices can go higher. In comments cited by the publication, AllianceBernstein said:

[Woodside may] further benefit from a potential spike in gas prices on lower Russian gas exports to Europe and a recovery of oil prices on a China reopening.

Woodside is a major global oil and gas producer. The Brent crude oil price is currently down 0.31% to US$85.64 a barrel, according to Bloomberg. WTI crude oil has fallen 0.26%.

Meantime, natural gas prices have tumbled a massive 7.84% to US$4.12/MMBtu amid milder weather in Europe.

The gas price caps in Australia may be another factor weighing on the Woodside share price this year. Woodside has gas projects in Australia and overseas.

In December, Woodside raised concerns about the federal government’s plan to “intervene in the Australian gas market”. Prices on new domestic wholesale gas contracts by east coast producers are set to be capped at $12/GJ for 12 months.

Commenting on the government’s gas plans, Woodside CEO Meg O’Neill said:

We need to unlock gas supply now. For example, Woodside has been looking at options to increase supply, including through new LNG import terminals, exploration spending and further development on the east coast. Unfortunately, the proposed market intervention will make it very difficult for industry to economically invest to increase supply.

Woodside supplies about 20% of domestic gas on the east coast of Australia, the Australian Financial Review reported. Commenting on the impact of the changes on Woodside, O’Neill said (as cited by the AFR):

One of the things that is important to us is fiscal stability, so if a government changes the rules even for six or 12 months, what it says to us is the government is likely to change the rules again, so it’s a black mark.

It would make investing in Australia riskier than other jurisdictions where you’ve got confidence in the stability of the fiscal regime for the long haul.

Share price snapshot

The Woodside share price has soared 61% in the last year.

Woodside has a market capitalisation of about $67 billion based on its current share price.

The post Broker tips significant upside for the Woodside share price appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Hot out the gate: 2 ASX 200 shares kicking off 2023 with new 52-week highs
• 2022 was strong for the NAB share price. What’s next?
• Here’s how I’d invest $5,000 in ASX 200 shares to earn a second income
• Bought $1,000 of AGL shares 10 years ago? Here’s how much dividend income you’ve received

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Whitehaven Coal Ltd (ASX: WHC) share price had a rough first day of 2023 trading.

Whitehaven shares closed down 6.26% at $8.83 apiece. For perspective, the S&P/ASX 200 Energy Index (ASX: XEJ) finished 1.33% lower today.

Let’s take a look at what might have been impacting the Whitehaven Coal share price today.

What’s going on?

Whitehaven was not the only ASX coal share to decline today. New Hope Corporation Ltd (ASX: NHC) shares finished 8.49% lower, while Coronado Global Resources (ASX: CRN) shares closed 4.77% in the red. Yancoal Australia Ltd (ASX: YAL) shares also dropped 4.95%.

The coal price fell 3.6% in a day to US$389.60 a tonne, Trading Economics data shows.

Milder-than-expected weather in Europe could be weighing on the coal price. Seven European countries recorded their warmest January day on record on New Year’s day, the Washington Post reported.

It comes as European nations, including Germany, have been turning to coal for power generation in 2023 amid the Russian invasion of Ukraine, Reuters reported.

The natural gas price also tumbled 7% overnight. Natural gas is also used to generate electricity.

Whitehaven operates four coal mines in New South Wales and is developing two assets in Queensland.

A federal Department of Industry report recently predicted thermal coal prices to fall from US$360 a tonne in FY22 to around US$200 a tonne in FY24.

The report from the office of the department’s chief economist also predicts metallurgical coal prices to drop from US$377 a tonne in the 2022 financial year to US$230 a tonne in FY24.

Meanwhile, the team at Macquarie has put an outperform rating on the Whitehaven share price with a $12.50 price target, my Foolish colleague James reported today.

Share price snapshot

The Whitehaven Coal share price has soared 238% in the last year.

Whitehaven has a market capitalisation of about $7.9 billion based on the latest share price.

The post Why did the Whitehaven Coal share price tumble 6% today? appeared first on The Motley Fool Australia.

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More reading

• 23 ASX shares to buy in 2023 – brokers
• These were the best-performing ASX 200 shares of 2022
• With hardly any savings at 40, I’d use the Warren Buffett method for generating passive income
• The Whitehaven share price skyrocketed 261% this year, what could 2023 look like?
• 9% and 12% dividend yields! Should I buy these ASX 200 income shares?

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Are you wanting to boost your passive income with some ASX dividend shares?

If you are, then you may want to check out the two shares listed below that have been named as buys and tipped to provide generous yields.

Here’s what you need to know about them:

Baby Bunting Group Ltd (ASX: BBN)

The first ASX dividend share that has been named as a buy is Baby Bunting.

It is Australia’s largest baby products retailer with a growing network of superstores across the country.

Like many retailers, trading conditions have been tough for the company in FY 2023. However, the team at Morgans believes investors should take advantage of recent share price weakness.

Its analysts believe that Baby Bunting’s margin pressures in FY 2023 are transitory and points out its “compelling opportunities to grow its share of a growing market.”

As for dividends, Morgans is forecasting fully franked dividends per share of 14 cents in FY 2023 and then 16 cents in FY 2024. Based on the current Baby Bunting share price of $2.75, this will mean yields of 5.1% and 5.8%, respectively.

Morgans has an add rating and $3.60 price target on its shares.

Charter Hall Social Infrastructure REIT (ASX: CQE)

Another ASX dividend share that has been named as a buy is Charter Hall Social Infrastructure REIT.

Similar to Baby Bunting, this property company has exposure to the little side of the market as one of the biggest owners of childcare centres in Australia. In addition, it owns other social infrastructure properties such as bus depots and police and justice services facilities.

Goldman Sachs is a fan of the company. It commented that “despite the challenging macroeconomic backdrop, childcare fundamentals are solid, and we remain attracted to CQE’s resilient underlying cash flows.”

Goldman is expecting this to underpin dividends of 17.2 cents per share in in FY 2023 and then 18 cents per share in FY 2024. Based on the current Charter Hall Social Infrastructure REIT unit price of $3.31, this will mean yields of 5.2% and 5.4%, respectively.

The broker has a conviction buy rating and $4.13 price target on its shares.

The post Buy these ASX dividend shares for a passive income boost: analysts appeared first on The Motley Fool Australia.

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More reading

• Buy these ASX dividend shares for a passive income boost in 2023 – experts
• Buy these ASX dividend shares for a passive income: analysts
• Experts name 2 ASX 200 dividend shares to buy now
• Here are the top 10 ASX 200 shares today
• The cheap ASX shares to buy for dividends: broker

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Baby Bunting Group. The Motley Fool Australia has recommended Baby Bunting Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The first session of 2023 brought chaos to the market as the S&P/ASX 200 Index (ASX: XJO) fell 1.31%. The index closed Tuesday at 6,946.2 points.

It was the banks that weighed heaviest on the ASX. The S&P/ASX 200 Financials Index (ASX: XFJ) dropped 1.9% with the Westpac Banking Corp (ASX: WBC) share price leading the downturn, falling 2.7%.

Also struggling were stocks in the S&P/ASX 200 Health Care Index (ASX: XHJ) and the S&P/ASX 200 Consumer Staples Index (ASX: XSJ). The sectors tumbled 1.8% and 1.7% respectively.

Interestingly, the S&P/ASX 200 Energy Index (ASX: XEJ) performed on par with the broader index despite New Hope Corporation Limited (ASX: NHC) posting today’s biggest fall. The coal stock plummeted 8.5% on Tuesday despite the company’s silence.

It wasn’t all dire, however. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) clambered its way into the green this afternoon, though it ultimately closed 0.1% lower.

But which ASX 200 share outperformed all others to post the strongest start to the new year? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today’s top-performing stock on the index was gold explorer De Grey Mining Limited (ASX: DEG). It gained 5% to close today’s session at $1.35.

Interestingly, there was no price-sensitive news released by the company today.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
De Grey Mining Limited (ASX: DEG)	$1.35	5.06%
Tabcorp Holdings Limited (ASX: TAH)	$1.105	2.79%
Star Entertainment Group Ltd (ASX: SGR)	$1.815	2.54%
Gold Road Resources Ltd (ASX: GOR)	$1.73	2.37%
Evolution Mining Ltd (ASX: EVN)	$3.04	2.01%
Northern Star Resources Ltd (ASX: NST)	$11.11	1.83%
Breville Group Ltd (ASX: BRG)	$18.67	1.74%
Blackmores Ltd (ASX: BKL)	$73.23	1.43%
Lottery Corporation Ltd (ASX: TLC)	$4.54	1.34%
Ramelius Resources Limited (ASX: RMS)	$0.94	1.08%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Hot out the gate: 2 ASX 200 shares kicking off 2023 with new 52-week highs
• 2022 was strong for the NAB share price. What’s next?
• Why HT&E, Seven West Media, Tabcorp, and Weebit Nano shares are rising
• Why ASX 200 gold shares top my 2023 investment radar
• Here’s how I’d invest $5,000 in ASX 200 shares to earn a second income

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Blackmores and Westpac Banking. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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