Category: Stock Market

If you have room in your portfolio for a blue chip ASX 200 share or two, then take a look at the top blue chips listed below.

Here’s why these ASX 200 shares are highly rated:

CSL Limited (ASX: CSL)

The first ASX 200 share to consider is CSL. It is one of the world’s leading biotechnology companies, comprising the CSL Behring, CSL Vifor, and Seqirus businesses.

As well as having a portfolio of a world class, life-saving therapies, CSL invests 10% to 11% of its sales back into research and development (R&D) activities every year.

This means the company has a large number of potentially lucrative therapies under development to support its future growth. This includes its CSL112 therapy, which aims to reduce secondary heart attacks.

Morgans is positive on CSL and currently has an add rating and $337.92 price target on its shares.

Goodman Group (ASX: GMG)

Another blue chip ASX 200 share to look at is Goodman Group.

It is an industrial property company with a world class property portfolio comprising warehouses, large scale logistics facilities, and business and office parks. These properties are in demand and count some of biggest companies in the world as tenants. This includes the likes of Amazon and DHL.

But like CSL, management isn’t settling for that. The company has a material development pipeline that looks set to drive further solid growth in the coming years. At the last count, it has work in progress totalling $13.9 billion across 85 projects. This compares to its current assets under management of $79.5 billion.

Citi is very positive on the company’s outlook and has a buy rating and $24.00 price target on the company’s shares.

The post Analysts say these ultra high quality blue chip ASX 200 shares are buys appeared first on The Motley Fool Australia.

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More reading

• Why is the CSL share price smashing the ASX 200 on Thursday?
• Why now is a golden opportunity to earn passive income from Aussie real estate
• Here’s how much I’d need to invest in CSL shares to generate a $300 monthly income
• 5 ASX 200 shares that inflation can’t touch: expert
• Here’s how I would secure monthly dividends in the 2024 financial year with these ASX stocks

Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has recommended Goodman 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 S&P/ASX 200 Index (ASX: XJO) looks like it is on track to finish what has been a wild and woolly trading week on a high note so far this Friday. At the time of writing, the ASX 200 has put on a robust 0.33%, which lifts the index back over 6,980 points.

That’s despite a brief dip into negative territory just after lunchtime today.

But rather than trying to figure all of that out, let’s now turn to look at the shares that are at the top of the ASX 200’s share trading volume charts right now, according to investing.com. 

The 3 most traded ASX 200 shares by volume this Friday

Telstra Group Ltd (ASX: TLS)

Telstra has been trading at high volumes all week, and today is no exception, it seems. This ASX 200 telco has had a hefty 19.17 million of its shares find a new home so far this Friday. There hasn’t been any news from the company itself that might explain this volume. So let’s take a look at the Telstra share price itself to explain what we see.

Telstra has indeed had a rocky end to the trading week. The telco is presently up by a healthy 0.37% at $4.12 a share. But today’s session has been a bouncy one, with Telstra fluctuating between $4.08 and $4.12 a share all day after closing at $4.10 yesterday. This is probably why we see so many Telstra shares trading.

South32 Ltd (ASX: S32)

Next up is the mining company South32. This ASX 200 resources giant has seen a sizeable 19.32 million of its shares exchange on the markets thus far. This might be being assisted by South32’s ongoing share buyback program.

But the pleasing 2.4% bump to $4.10 a share that South32 is enjoying today is probably the primary driver of these elevated trading volumes. Perhaps some recent love from an ASX broker is helping as well.

Pilbara Minerals Ltd (ASX: PLS)

Our third, final and most traded share today is the ASX 200 lithium miner Pilbara Minerals. In this company’s case, a notable 21.97 million shares have been bought and sold today. We haven’t seen any fresh news out of Pilbara either.

But this popular lithium share is on a tear today. Pilbara shares are currently basking in a 2.94% lift in share price to $3.68 a share. This puts Pilbara up more than 6% since yesterday morning, but still down around 7% over the past week or so. Regardless, it looks like this strong lift in valuation is behind Pilbara’s place at the top of the pile today.

The post Here are the 3 most heavily traded ASX 200 shares on Friday appeared first on The Motley Fool Australia.

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More reading

• 2 ASX 200 directors buying up their company shares this week
• 5 things to watch on the ASX 200 on Friday
• What’s with the Qantas share price on Thursday?
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Sayona Mining share price lifts on first saleable lithium production

Motley Fool contributor Sebastian Bowen has positions in Telstra Group. 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 positions in and has recommended Telstra 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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If you’re a growth investor on the lookout for new options, then read on!

Listed below are two ASX growth that could be worth considering . Here’s why analysts are tipping them as buys:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX growth share to consider buying is Aristocrat Leisure. It is one of the world’s leading gaming technology companies with a world class portfolio of poker machines and mobile games.  The latter business, known as Pixel United, is home to popular mobile games such as Cashman Casino, Gummy Drop, EverMerge, Mech Arena, and RAID.

Aristocrat also recently expanded into the real money gaming market with a deal with MGM. This has the potential to be a very lucrative business in the future and is partly why Goldman Sachs is positive on the company. It commented:

Real Money Gaming opportunity was discussed to grow to penetrate at least 70% of the regulated jurisdictions in north America in the medium term. ALL will be targeting to take a significant share of the US iGaming market in the medium term with ambitions to be a leading global online RMG platform in the long term.

Goldman has a buy rating and $42.80 price target on its shares.

ResMed Inc. (ASX: RMD)

Another ASX growth share that has been tipped as a buy is ResMed. It is a medical device company with a focus on sleep treatment solutions.

Morgans rates the company highly due to its strong position in the sleep treatment market and its huge potential in the out of hospital care market. The broker commented:

Nothing changes our medium/longer term view that the company remains well-placed as it builds a unique, patient-centric, connected-care digital platform that addresses the main pinch points across the healthcare value chain.

Morgans has an add rating and $37.24 price target on its shares.

The post Buy these ASX growth shares now: analysts appeared first on The Motley Fool Australia.

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More reading

• 5 ASX 200 shares that inflation can’t touch: expert
• Here’s why experts rate these ASX 200 growth shares as buys
• Buy these excellent ASX 200 healthcare shares: Goldman Sachs
• Buy and hold these ASX 200 shares: brokers
• 2 ASX growth shares to buy: Goldman Sachs

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 ResMed. The Motley Fool Australia has positions in and has recommended ResMed. 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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It has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Lifestyle Communities Ltd (ASX: LIC)

According to a note out of Goldman Sachs, its analysts have retained their conviction buy rating on this retirement property company’s shares with an improved price target of $27.15. Goldman highlights that Lifestyle Communities has a highly valuable business model. It also believes that recent share price weakness has created a compelling entry point for investors. The Lifestyle Communities share price is trading at $15.35 on Friday.

Temple & Webster Group Ltd (ASX: TPW)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $5.60 price target on this online furniture retailer’s shares. This follows news that the company is undertaking a $30 million on-market share buyback. Its analysts feel that this is a sign that its shares are undervalued at the current level. The Temple & Webster share price is fetching $3.30 this afternoon.

Xero Limited (ASX: XRO)

Analysts at Morgan Stanley have also retained their overweight rating on this cloud accounting platform provider’s shares with an improved price target of $100.00. The broker has been pleased with Xero’s plan to cut its workforce to improve profitability. In light of this and its belief that the market is undervaluing its growth potential, Morgan Stanley sees Xero as a top option in the tech sector right now. The Xero share price is trading at $88.93 today.

The post Brokers name 3 ASX shares to buy now appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• 3 ASX growth stocks down 40%-65% to buy now and hold
• Why Atlantic Lithium, Pushpay, St Barbara, and Temple & Webster shares are rising
• Temple & Webster share price higher on $30 million share buyback
• 7 ASX shares flying under the radar to buy now: Goldman Sachs

Motley Fool contributor James Mickleboro has positions in Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Temple & Webster Group and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended Temple & Webster 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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S&P/ASX 200 Index (ASX: XJO) gold shares were broadly enjoying a very strong run this week.

Until today.

Here’s how some of the biggest Aussie gold miners are tracking in early afternoon trade on Friday.

• Northern Star Resources Ltd (ASX: NST) shares are down 2.0%
• Newcrest Mining Ltd (ASX: NCM) shares are down 2.0%
• Evolution Mining Ltd (ASX: EVN) shares are down 4.8%
• Gold Road Resources Ltd (ASX: GOR) shares are down 4.2%
• Perseus Mining Ltd (ASX: PRU) shares are down 3.0%

And this comes as the ASX 200 itself has climbed back into the green, up 0.1%.

So, after most of these stocks were leaping higher earlier this week, what’s dragging them down today?

Bad news is good and good news is bad?

Gold’s classic haven status means ASX 200 gold shares often do well when financial news headlines are dominated by bad news. That tends to see a sharp increase in the demand for gold, driving up the price.

On the flip side, the gold miners tend to struggle when that news turns happier and gold prices slip.

As you’re likely aware there’s been plenty of alarming news out in recent days helping boost ASX 200 gold shares.

First, there was the Silicon Valley Bank collapse in the United States last Friday.

The day before that news broke gold was trading for US$1,831 per ounce. By Monday the yellow metal was fetching US$1,914 per ounce.

With the US banking crisis spreading to Europe, and the viability of Credit Suisse coming into doubt this week, gold had edged all the way to US$1,932 per ounce yesterday, up 5.5% in a week.

Today some of that fear has been lifted from global markets amid a huge influx of funds from the US Federal Reserve and the Swiss National Bank to backstop their nations’ banks.

That’s the good news.

After all, who doesn’t love a good taxpayer-funded bank bailout?

Well, not ASX 200 gold shares, apparently.

With investors more upbeat about the outlook for global banks, the gold price has dipped to US$1,923 today, down about 0.5%.

How have these ASX 200 gold shares performed longer-term?

As long-term investors, it pays to take a step back and judge a stock’s performance over at least a five-year period.

With that in mind, here’s how the ASX 200 gold shares listed above have performed over the past five years:

• Northern Star Resources shares have gained 61%
• Newcrest Mining shares are up 22%
• Evolution Mining shares have lost 15%
• Gold Road Resources shares have gained 88%
• Perseus Mining shares are up 363%

The post ASX 200 gold shares reverse the charge higher to tumble today. Here’s why appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• Despite today’s ASX sell-off, All Ords gold shares are surging significantly higher
• 5 things to watch on the ASX 200 on Thursday
• Why 29Metals, Eagers Automotive, Northern Star, and Woodside shares are dropping today
• 5 things to watch on the ASX 200 on Wednesday

SVB Financial provides credit and banking services to The Motley Fool. Motley Fool contributor Bernd Struben 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 SVB Financial. The Motley Fool Australia has recommended SVB Financial. 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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When an ASX 300 share trades ex-dividend, it’s quite a notable event. For one, it means that any new shareholders won’t be eligible for the upcoming dividend that our share will be paying. This separates new shareholders, who won’t get the payout, from old ones, who will.

But these events are conspicuous because, when a share goes ex-dividend, it tends to lose a large chunk of its share price. When a dividend is paid out, its value is transferred from the company to its shareholders. As such, the company becomes slightly less valuable as a result, leading to a commensurate fall in its share price.

So investors tend to take notice when these events occur.

It just so happens that Monday will see not one, but two ASX 300 shares trade ex-dividend. That means that today’s session is investors’ last chance to own these companies’ shares and be eligible for their latest dividends. Let’s check them out.

A pair of ASX 300 shares going ex-dividend on Monday

NRW Holdings Ltd (ASX: NWH)

ASX 300 mining contractor (and soon-to-be ASX 200 newcomer) NRW Holdings is the first share worth checking out. Last month, NRW announced that its next interim dividend (and first for 2023) will be coming in at an unfranked 8.5 cents per share.

Although it is unusual for NRW to pay an unfranked dividend, it does represent a meaningful 54.55% increase over the interim dividend of 5.5 cents that investors received last year.

This latest dividend payment from NRW will be arriving in investors’ bank accounts on 6 April next month. But would-be shareholders have until the end of this trading session to buy NRW shares if they wish to receive it. At present, NRW shares have a dividend yield of 7.05%.

Adairs Ltd (ASX: ADH)

Next up we have ASX 300 homewares retailer Adairs. Adairs was another ASX site that reported its earnings last month. Back then, the company declared that its interim dividend for 2023 would come in at a fully franked 8 cents per share. That’s flat on last year’s corresponding payout.

This latest payment from Adairs is also scheduled to go out on 6 April. And, also like NRW, its eligibility will be closed off next Monday. So anyone desperate to receive this dividend will also need to own Adairs shares by the end of today’s session.

This company’s last final dividend came in at 10 cents per share. This means that Adairs shares have a dividend yield of 8.13% as it currently stands.

The post 2 ASX 300 shares trading ex-dividend on Monday appeared first on The Motley Fool Australia.

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More reading

• 2 compelling All Ords ASX shares to buy in March 2023: expert
• Buy 8,333 shares in this ASX growth stock for $1,500 in annual dividends
• Investing as little as $25 a week could help me retire with $104,000 a year in passive income!
• The highest-paying term deposit right now offers 4.5% interest. Here are 3 ASX dividend shares paying way more
• Golden buying opportunity for 2 ASX shares slashed last month: Celeste

Motley Fool contributor Sebastian Bowen has positions in Adairs. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Adairs. The Motley Fool Australia has positions in and has recommended Adairs. 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 S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a small gain. In afternoon trade, the benchmark index is up 0.2% to 6,978.3 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are rising:

Corporate Travel Management Ltd (ASX: CTD)

The Corporate Travel Management share price is up almost 4% to $17.37. This may have been driven by a broker note out of Morgan Stanley. It has retained its overweight rating and $28.00 price target. The broker feels the market is being too negative and believes the company can achieve its guidance in FY 2023.

Kingsgate Consolidated Limited (ASX: KCN)

The Kingsgate share price has jumped 17% to $1.77. Investors have been buying this gold miner’s shares after it announced the official reopening of its Chatree mine in Thailand. This follows the granting of approval from the Department of Primary Industries and Mines. Management described it as “a truly remarkable moment.”

Liontown Resources Ltd (ASX: LTR)

The Liontown share price is up 4% to $1.59. This is despite there being no news out of the lithium developer. However, it is worth noting that a number of lithium shares are climbing today. Some investors may believe a buying opportunity has opened up following heavy declines in recent sessions.

Neuren Pharmaceuticals Ltd (ASX: NEU)

The Neuren Pharmaceuticals share price is up a further 8% to $13.40. This biotech company’s shares have been on fire this week thanks to news that its treatment for Rett’s Syndrome has been granted US FDA approval. This is the first and only approved treatment for the rare genetic neurological and developmental disorder that affects the way the brain develops. It is expected to be available by the end of April 2023.

The post Why Corporate Travel Management, Kingsgate, Liontown, and Neuren shares are racing higher appeared first on The Motley Fool Australia.

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More reading

• 2 ASX 300 shares cracking record highs on Friday
• Why Atlantic Lithium, Life360, Neuren, and Whitehaven Coal shares are charging higher
• This ASX 300 healthcare stock is up 48% in 3 days. Broker says buy
• Why Kingsgate, Neuren, Newcrest, and Pushpay shares are rising today
• 5 things to watch on the ASX 200 on Tuesday

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Corporate Travel Management. 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 Lynas Rare Earths Ltd (ASX: LYC) share price has reset its 52-week low five times this month.

Talk about being dragged along the bottom, right?

The Lynas share price has been on a downward spiral since the first week of February.

It’s been a rough time for shareholders — but also a buy-the-dip opportunity for true believers.

The ASX rare earths stock tumbled to $6.25 per share yesterday. Lynas is currently trading for $6.53 per share, up 1.48% on Friday so far.

Since the close on 1 February, the Lynas share price has fallen by 33%.

Let’s take a look at what’s going on.

What’s putting a dampener on the Lynas share price?

Well, the hits have just kept on coming for this ASX rare earths stock.

In early February, the company’s Malaysian licence was renewed but not with the conditions it wanted. So, Lynas has begun an appeal process which is still ongoing today.

Then on 27 February, the company reported its 1H FY23 results, revealing a 32% cost increase.

A few days later, electric vehicle (EV) giant Telsa Inc (NASDAQ: TSLA) announced its next-generation EVs will use a permanent magnet motor without rare earths components.

Typically, EVs use a magnet with a rare earths alloy mix of neodymium, iron, and boron (NdFeB).

This prompted a sell-off on ASX rare earths stocks. The Lynas share price dropped by 6.8% on the news.

Many experts said this was an overreaction.

Among them were specialist critical minerals research and advisory firm Adamas Intelligence.

Adamas said its research showed Tesla only accounts for 2% to 3% of global NdFeB demand.

Broker tips 25% upside from here

According to reporting in The Australian, Citi has commenced coverage on Lynas with a buy rating.

The broker has a 12-month share price target of $8.20 on Lynas.

This implies a 25.5% potential upside for investors who buy Lynas shares today.

The post The Lynas share price has clocked five 52-week lows this month. Broker tips 25% upside appeared first on The Motley Fool Australia.

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More reading

• ‘Top quality’: Expert picks 2 ASX 200 shares to buy at a nice discount
• Lynas share price resets 52-week low twice in one week
• Tesla-induced sell-off of ASX rare earths shares like Lynas overblown: experts
• Lynas share price rebounds on $200m Japanese Government investment
• Lynas Rare Earths has plunged 20% in a month: Is it a buy?

Motley Fool contributor Bronwyn Allen 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 Appen Ltd (ASX: APX) share price is having a relatively positive finish to the week.

In early afternoon trade, the struggling ASX 300 tech share is up 0.6% to $2.62.

This means the Appen share price is now up a sizeable 16% since the start of the month.

What’s driving this beaten down ASX 300 tech share higher?

Investors appear to have been buying this ASX 300 tech share this month thanks to the release of an announcement at the end of February.

Appen revealed the launch of three new products that it is hoping will help it benefit from the rise of ChatGPT. It is the artificial intelligence (AI) powered natural language processing tool taking the world by storm.

The first product is called Reinforcement Learning with Human Feedback. It tackles the risks of bias and hallucinations in large language models. A hallucination is a confident response by an AI that shouldn’t be justified by its training data.

The second is Document Intelligence, which enables clients to extract key insights from their unstructured documents.

And the third and final new product is Automated LP Labelling. It leverages generative Al capabilities and zero/few shots learning techniques to speed up data annotation.

Should you invest?

As promising as these products may be, the team at Bell Potter believes investors should sit this one out for the time being.

This week, the broker has downgraded the ASX 300 tech share to a sell rating with a price target of $2.25. This implies potential downside of 14% for the Appen share price over the next 12 months.

Bell Potter’s main concern is the lack of visibility on Appen’s future earnings. It commented:

The SELL is based on valuation but the other key issue we have is the lack of visibility due to the relatively low level of recurring revenue and uncertainty over customer spend. The risk to our downgrade is the company comes out with positive news or developments when the results of a strategic review are released in May.

But in our view there is no quick fix to the lack of visibility and/or relatively low level of recurring revenue due to the purchase order nature of the business so any change will take time and this is what we have already allowed for in our forecasts.

The post Guess which beaten-up ASX 300 tech share is up 16% this month appeared first on The Motley Fool Australia.

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More reading

• ‘Still waiting for it to ‘appen’: Broker gives its verdict on the Appen share price
• Why Appen, Downer, Fortescue, and Invocare shares are crashing today
• Appen share price crashes on US$239m FY22 loss

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 Appen. 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 Woodside Energy Group Ltd (ASX: WDS) share price was a big beneficiary of rocketing oil prices into the first half of 2022.

On 8 June last year, Brent crude oil topped US$123 per barrel.

By 10 June, the Woodside share price was up 59% for the year.

As you’d expect, shares in the S&P/ASX 200 Index (ASX: XJO) oil and gas company have since come under some pressure as the oil price retraced, particularly over the past weeks.

On 6 March 2023, Brent was fetching US$86.18 per barrel.

Yesterday that same barrel was trading for US$72.78, down 15.5%.

With energy prices tanking, the Woodside share price dropped 17.4% from 7 March through to yesterday’s close.

What’s next for the Woodside share price?

There are a range of factors that will impact the performance and returns Woodside offers to investors.

But clearly, the price of oil has a big influence. You need look no further than today’s market action to see what I mean.

At the time of writing, Brent crude is trading for US$74.73, according to Bloomberg data. That’s up 2.7% overnight.

As for the Woodside share price? It’s up 1.42% in late morning trade to $31.53 per share.

So what can ASX 200 energy investors expect next?

Digging into oil price forecasts, here’s what I wrote yesterday:

For investors with a medium-term horizon of at least a year or so, I believe both the Santos and Woodside share prices will trade significantly higher inside the next 12 months than where they’re at today.

Well, we didn’t have to wait nearly that long!

Buy the dip and bargain hunters snapping up shares this morning have been rewarded for wading in.

And I believe there could be significantly more gains ahead for the Woodside share price before the end of the year.

What do the experts say?

A number of prominent analysts have forecast a sharp increase in oil prices over the latter half of 2023.

Citing a dearth of new investments in exploration and production, analysts at Goldman Sachs forecast crude oil will be trading back at US$100 per barrel.

 â€œThe commodity super cycle is a sequence of price spikes with each high higher, and each low higher,” Goldman Sachs analyst Jeff Currie said in February.

The Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) also believe oil prices will move higher in H2, fuelled by increasing demand from China as the nation continues to reopen.

CBA mining and energy analyst Vivek Dhar isn’t quite as bullish as Goldman’s analysts but still expects the Brent oil price will increase to US$88 per barrel in the latter half of 2023.

“We see deficit risks rising in H2 2023, as global oil supply growth, driven mainly by US, Norway and Brazil, fails to keep up with global oil demand growth,” he said.

How has the ASX 200 oil stock been performing?

As you can see in the graph below, the Woodside share price has struggled so far in 2023, down 11%. Over the past 12 months, the ASX 200 energy stock has gained 4%.

The post With oil below $75 per barrel, what’s next for the Woodside share price? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• ASX 200 oil stocks are tanking. Is now the time to buy?
• Why Bendigo and Adelaide Bank, BHP, IPH, and Woodside shares are dropping
• Why is the Woodside share price sinking today?
• Why 29Metals, Eagers Automotive, Northern Star, and Woodside shares are dropping today

Motley Fool contributor Bernd Struben 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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