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If you’re looking for dividend shares to add to your income portfolio, then it could be a good idea to check out the two listed below.

These ASX dividend shares have been rated as buys by experts. Here’s what they are saying about them:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX 200 dividend share that could be a buy is Charter Hall Social Infrastructure REIT.

Goldman Sachs is very bullish on this real estate investment trust, which invests in social infrastructure properties such as bus depots, police and justice services facilities, and childcare centres. The broker currently has a conviction buy rating and $4.13 price target on its shares.

The broker notes that “despite the challenging macroeconomic backdrop, childcare fundamentals are solid, and we remain attracted to CQE’s resilient underlying cash flows.”

As for dividends, Goldman Sachs is forecasting 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 $3.32, this will mean yields of 5.2% and 5.4%, respectively.

QBE Insurance Group Ltd (ASX: QBE)

Another ASX 200 dividend share that has been named as a buy is insurance giant QBE.

Morgans is positive on the insurance giant and currently has an add rating and $14.89 price target on its shares.

The broker is expecting “QBE’s earnings profile to improve strongly over the next few years.” This is expected to be underpinned by “strong rate increases still flowing through QBE’s insurance book, and further cost-out benefits.”

Morgans expects this to lead to a 42 cents per share dividend being paid in FY 2022 and then a 90 cents per share dividend in FY 2023. Based on the latest QBE share price of $13.01, this equates to yields of 3.2% and 6.9%, respectively.

The post Experts name 2 ASX 200 dividend shares to buy now appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Morgans names the top ASX dividend shares to buy before it’s too late
• Experts name the ASX dividend shares for income investors to buy now
• Top brokers name 3 ASX shares to buy next week

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 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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There is a broad range of ASX dividend shares for investors to consider. The question is: Are those high-yield ASX dividends a mirage? Can the payments continue?

Firstly, it’s important to remember that dividends are not guaranteed. Companies may reduce or completely cut their dividend payments.

Let’s first consider how large dividend yields can occur.

What makes a high dividend yield?

Three main factors could lead to a big yield, in my opinion.

First, a low price/earnings (p/e) ratio can lead to a higher dividend yield.

For example, imagine a business makes $100 million in profit and has a market capitalisation of $1 billion. The p/e ratio is 10 – the market cap is 10x the earnings. If it paid out $50 million as a dividend, that’s a dividend yield of 5% with a dividend payout ratio of 50%. If franking credits were involved and the dividend was fully franked, the grossed-up dividend yield would be 7.1%.

Secondly, the business could have a high dividend payout ratio.

Now, let’s say a business makes $100 million in profit, but has a market cap of $1.5 billion. In this case, the p/e ratio is 15. This business is priced noticeably higher than the first example. But, if it paid out $80 million of its net profit, the dividend payout ratio would be 80%, and the dividend yield 5.3%. It’s a 7.6% grossed-up dividend yield, including franking credits.

The third factor is that last year’s dividend could be a lot bigger than what the market is expecting this year’s dividend to be.

This could be because the company paid a one-off special dividend last year or business profitability has significantly reduced since then. Or perhaps the business just wants to hold onto its cash.

Are high-yield ASX dividend shares safe?

I think it depends on each business.

There are plenty of examples of special dividends that are unlikely to be repeated again and again. For example, a business may have sold off a division and sent the sale proceeds to shareholders. It can’t sell the same business segment again.

A business that is going through pain may cut its dividend. For example, Magellan Financial Group Ltd (ASX: MFG) paid a total dividend of $1.79 per share in FY22, a trailing 19.5% dividend yield. But, Commsec numbers suggest Magellan could pay an annual dividend per share of 87 cents per share in FY23 and 68 cents per share in FY24, which is a yield of 9.5% and 7.4%, respectively.

Resource companies and retailers often have quite a low p/e ratio.

But, resource companies such as miners heavily depend on what happens with the commodity price. They will probably see both boom times and weaker times, so I wouldn’t call them ‘safe’, but they can be rewarding.

Retails can also see cyclical earnings as households go through cycles, so the dividend may go up and down as well.

Businesses with low p/e ratios may not necessarily offer safe dividends. If business earnings are not consistent or defensive, then the dividend may well be volatile as well.

Companies with high dividend payout ratios may well be able to pay consistent dividends if their actual earnings are also consistent. Businesses that operate in defensive sectors, such as APA Group (ASX: APA), Sonic Healthcare Ltd (ASX: SHL), Metcash Limited (ASX: MTS) and Propel Funeral Partners Ltd (ASX: PFP) may be able to keep paying resilient dividends.

Foolish takeaway

So, high dividend yields may or may not be safer than lower yields – it depends on the company, the industry they come from and how resilient the underlying earnings are.

I wouldn’t count on resource companies paying reliable dividends year after year, but some businesses with a high dividend payout ratio could be candidates to consider.

The post Can a high-yield ASX dividend stock still be safe? appeared first on The Motley Fool Australia.

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More reading

• Why I’d invest in these 3 ASX shares to combat this one inflationary megatrend
• 3 top ASX 200 dividend shares I think are bargain buys right now
• 2 ASX dividend shares that have raised their payouts by 20% in 5 years
• Here are the top 10 ASX 200 shares today
• Why Beach, Block, Magellan, and St Barbara shares are dropping

Motley Fool contributor Tristan Harrison 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 positions in and has recommended Apa Group. The Motley Fool Australia has recommended Metcash, Propel Funeral Partners, and Sonic Healthcare. 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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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a decline. The benchmark index fell 0.45% to 7,180.8 points.

Will the market be able to bounce back from this on Tuesday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to rebound on Tuesday following a decent night of trade on Wall Street amid interest rate worries. According to the latest SPI futures, the ASX 200 is poised to open the day 28 points or 0.4% higher. In late trade in the United States, the Dow Jones is down 1.6%, the S&P 500 is down 2.05%, and the NASDAQ has tumbled 2.2%.

Treasury Wine named as a buy

The Treasury Wine Estates Ltd (ASX: TWE) share price remains good value according to analysts at Goldman Sachs. This morning, the broker reiterated its buy rating on the wine giant’s shares with a $14.70 price target. It said: “We continue to forecast sustainable growth (Sales 7% and EPS 16% CAGR FY22-25e) from penetration and mix growth across Asia, as well as US.”

Oil prices rise

Energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a great day after oil prices rebounded overnight. According to Bloomberg, the WTI crude oil price is up 2.9% to US$73.12 a barrel and the Brent crude oil price has risen 2.4% to US$77.95 a barrel. Oil prices jumped on supply risks following a major outage in North America.

Mining giants under pressure

BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO) shares could come under pressure on Tuesday after the iron ore price pulled back by almost 2% to US$110.25. This appears to have been the catalyst for the two miners dropping approximately 2% on Wall Street overnight.

Gold price falls

Gold shares Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a tough day after the gold price dropped overnight. According to CNBC, the spot gold price is down 1.1% to US$1,790.7 an ounce. Nervous trades sold down the gold price ahead of the release of US inflation data and the US Fed meeting.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Down 20% so far this year, are Wesfarmers shares now a no-brainer buy?
• Here are the top 10 ASX 200 shares today
• Why is the Woodside share price smashing the ASX 200 on Monday?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Is Xero a ‘safe’ ASX share?

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 Treasury Wine Estates. 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 has soared 264% year to date, but could it go any higher?

Whitehaven shares closed 1.96% lower at $9.50 today. The S&P/ASX 200 Index (ASX: XJO) also ended the day in the red, sliding 0.45% to close at 7180.8 points.

Let’s take a look at the latest outlook for coal and how it relates to the Whitehaven Coal share price.

What’s the outlook for coal?

Whitehaven is a major ASX coal producer with four mines in NSW and two development assets in Queensland.

Against the backdrop of war between Russia and Ukraine, analysts at the ANZ are tipping coal demand to remain strong as European countries restart coal-fired power plants.

ANZ senior commodity strategist Daniel Hynes and commodity strategist Soni Kumari said in a recent research report:

Coal demand is likely to be sustained for another year or two as countries prioritise energy security over climate commitment.

The strategists are also tipping China’s reliance on coal to increase as well, lifting the “price of seaborne coal”. In an ANZ commodity report, Hynes and Kumari added:

Coal market tightness has persisted as Asian demand has risen because of a return to coal for electricity generation. And China’s reliance on coal-fired power is likely to increase this winter, lifting the price of seaborne coal.

With energy security increasingly on its radar, Beijing is likely to resort to coal-fired power over winter. However, it may struggle to boost domestic supply enough to meet the country’s needs.

An increase in demand naturally bodes well for ASX coal shares.

Whitehaven achieved an average realised coal price of $581 Australian dollars in the September quarter. Commenting on the coal price in a quarterly report released in October, Whitehaven CEO Paul Flynn said:

With demand for high quality coal continuing to outstrip global supply, coal prices set another record in the September quarter and continue to be well supported.

Whitehaven Coal share price snapshot

Shares in Whitehaven Coal have soared nearly 296% in the past 12 months, as shown in the chart below.

This ASX coal share has a market capitalisation of $8.57 billion based on today’s closing price.

The post Could this give the Whitehaven Coal share price a further boost? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Top brokers name 3 ASX shares to buy next week
• 3 best-performing ASX 200 energy shares in November
• On the back of a cracking year, these 3 ASX 200 coal shares soared again in November
• Climate and energy: Analyst tips 2 ASX shares perfectly placed for global crises

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 team at Morgans has been looking at the best ASX 200 index (ASX: XJO) shares to buy this month.

Among its best dividend ideas for the month of December are the two ASX 200 shares listed below. Here’s what the broker is saying about them:

Telstra Corporation Ltd (ASX: TLS)

Morgans remains very positive on this telco giant and believes it could be an ASX 200 dividend share to buy. The broker has an add rating and $4.60 price target on Telstra’s shares.

Morgans is very positive on Telstra’s outlook thanks to its successful turnaround and believes that its recent restructure could unlock value for shareholders. It explained:

After a major turnaround, TLS has emerged in good shape with strong earnings momentum and a strong balance sheet. In late CY22 shareholders vote[d] on Telstra’s legal restructure, which opens the door for value to be released. […] TLS currently trades on ~7x EV/EBITDA. However some of TLS’s high quality long life assets like InfraCo are worth substantially more, in our view. We don’t think this is in the price so see it as value generating for TLS shareholders.

As for dividends, Morgans is expecting Telstra to continue to pay fully franked 16.5 cents per share dividends in FY 2023 and FY 2024. Based on the current Telstra share price of $4.00, this equates to yields of 4.1%.

Wesfarmers Ltd (ASX: WES)

Morgans sees this conglomerate as a dividend share to buy this month and has an add rating and $55.60 price target on its shares.

This is thanks to its high quality retail portfolio and focus on value, which could be important given the cost of living crisis. The broker explained:

WES possesses one of the highest quality retail portfolios in Australia with strong brands including Bunnings, Kmart and Officeworks. The company is run by a highly regarded management team and the balance sheet is healthy. We believe WES’s businesses, which have a strong focus on value, remain well-placed for growth despite softening macro-economic conditions.

As for dividends, Morgans is expecting Wesfarmers to continue to pay fully franked dividends of $1.82 per share dividends in FY 2023 and $1.89 per share in FY 2024. Based on the current Wesfarmers share price of $47.75, this equates to yields of 3.8% and 4%, respectively.

The post Morgans names 2 of the best ASX 200 dividend shares to buy in December appeared first on The Motley Fool Australia.

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More reading

• Down 20% so far this year, are Wesfarmers shares now a no-brainer buy?
• Telstra share price outperforming despite data breach impacting 132,000 customers
• Telstra share price on watch following latest telco data breach
• Top brokers name 3 ASX shares to buy next week
• Could the VAS ETF outperform the BHP share price in 2023?

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 positions in and has recommended Telstra Group and Wesfarmers. 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’s been a tough year for ASX shares and the S&P/ASX 200 Index (ASX: XJO) in 2022, to be sure. Year to date, the ASX 200 remains down by a depressing 5.39%.

Time is certainly running out if the ASX 200 wants to post a gain for this year. But that loss is nothing compared to the Wesfarmers Ltd (ASX: WES) share price.

Wesfarmers has long been an ASX 200 blue-chip share. It was also one with a reputation for stability. Until this year:

Today, Wesfarmers is going for $47.75 a share as of market close, down 0.35% for the day. At this price, Wesfarmers shares are now down by a painful 20.4% year to date in 2022. That’s a loss nearly quadruple what the ASX 200 Index has given investors.

And we are certainly a long way from the all-time record high of more than $66 a share that we saw in August of last year.

So with all of this pain now under 2022’s bridge, what’s next for Wesfarmers shares? Could these late throes of 2022 be a good time to pick up some shares at a price 20% lower than we could at the start of the year?

Let’s see what some of the ASX’s expert investors reckon.

Are Wesfarmers shares a buy today? Here’s what two brokers say

One ASX broker who thinks Wesfarmers shares are a bargain at the current price is UBS. As we covered last month, UBS gave Wesfarmers an add rating, replete with a 12-month share price target of $56. If realised, that would give investors a pleasing upside of 17% from where the shares are today.

UBS is anticipating that Wesfarmers’ core retail businesses, such as Kmart and Bunnings, are performing well in the current environment. The broker even predicts that these businesses could grow their market share from here.

But UBS isn’t the only broker eyeing off Wesfarmers right now. Morgans is also bullish on the retail and industrial conglomerate. It has a slightly lower share price target of $55.60 on the Wesfarmers share price.

Morgans notes Wesfarmers has been enjoying strong retail conditions and thinks the company is a solid long-term buy at the current level. So it’s fair to say that more than one ASX expert investor is eyeing off the Wesfarmers share price this December.

But we’ll have to see what 2023 brings for this ASX 200 blue-chip stalwart

The post Down 20% so far this year, are Wesfarmers shares now a no-brainer buy? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why is the Woodside share price smashing the ASX 200 on Monday?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Is Xero a ‘safe’ ASX share?
• One ASX 200 share I’m buying for passive income before 2022 is over

Motley Fool contributor Sebastian Bowen 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 positions in and has recommended Wesfarmers. 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 small-cap ASX share Smartpay Holdings Ltd (ASX: SMP) is a leading idea according to a fund manager.

Smartpay allows merchants to take payments from customers with a “versatile, portable EFTPOS machine”.

Recent result

Less than a month ago, the business announced its interim result for the six months to 30 September 2022.

It revealed revenue of $35.4 million, an increase of 68% year over year. Smartpay generated $8.1 million in earnings before interest, tax, depreciation and amortisation (EBITDA), which was a rise of 119%. The company also reported net profit before tax of $2.7 million, an increase of 637%.

The company saw $5.5 million of monthly Australian acquiring revenue at September 2022.

The ASX share made positive operating cash flow of $10.1 million in the period. The operating cash flow is being used to fund the purchase of new terminals, ongoing development of software and reduce bank debt.

The company is working on its Android in-store proposition, which is a “key focus”. It is seeing momentum and an acceleration. It’s looking forward to a “strong” second half.

Fund manager thoughts on the Smartpay share price

The fund manager of EGP Capital, Tony Hansen, shared some comments about Smartpay in the fund update for November 2022. Hansen said that the Smartpay update in mid-October was “spectacular”.

The fund manager commented that “the miracle of operating leverage in a fast-growing, negative working capital business is on display in all of its glory”.

He noted that while he would prefer to see every cost line grow slower than revenue, he is happy enough that marketing doubled. Hansen pointed to the “positive outcomes every increase in marketing Smartpay has had over the past few halves has had.”

In the prior year, marketing costs increased by 74%, while revenue went up 68% in this latest period.

Hansen remains “very bullish” despite the “sharp increase” of the Smartpay share price.

One reason to like the ASX share is that the stated customer churn was just 1.1%. On the current Australian terminal fleet, that equates to only 12 terminals per month that would need to be replaced to maintain the fleet size.

Hansen suggested that the customer churn is so low that the marketing budget could be “almost completely extinguished and the business would probably hold similar revenue in perpetuity”.

ASX share cash flow machine?

Hansen thinks that the business is consistent and could make a lot of money if management wanted it to. He concluded:

It is truly an annuity business, and at the flip of a switch, could be turned into a cash flow monster should management (or an acquirer) choose to do so. We prefer that given they still speak for a low single-digit market share that they continue to grow at the fastest pace prudence enables.

Smartpay share price snapshot

Over the last month, Smartpay shares have risen by around 20%.

The post Could this under-the-radar ASX share be a ‘cash flow monster’ at the flip of a switch? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• 3 small-cap ASX shares with over 30% upside: brokers
• Why is the Woodside share price smashing the ASX 200 on Monday?
• Why is the Origin Energy share price dumping 8% on Monday?
• Will the Flight Centre share price have a better year in 2023?

Motley Fool contributor Tristan Harrison 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 S&P/ASX 200 Index (ASX: XJO) started the week off in the red today. It slumped 0.45% in Monday’s session to trade at 7,180.8 points.

The star of today’s trade was the S&P/ASX 200 Energy Index (ASX: XEJ). It gained 1.2% amid rising oil prices.

The black liquid’s value rose by as much as 1% on Monday amid an ongoing leak at a key North American pipeline, Russia’s response to a price cap on its oil exports, and China’s relaxed COVID-19 restrictions, as Reuters reports.

On the other side of the coin, the S&P/ASX 200 Utilities Index (ASX: XUJ) tumbled 4.3%, weighed down by the Origin Energy Ltd (ASX: ORG) share price’s 7.8% tumble.

Another major drag was the S&P/ASX 200 Materials Index (ASX: XMJ). It fell 1.5% on Monday.

All in all, only four of the ASX 200’s 11 sectors closed in the green today. But which stock outperformed all others to take home today’s crown? Keep reading to find out.

Top 10 ASX 200 shares countdown

The biggest gains on the ASX 200 today came from BrainChip Holdings Ltd (ASX: BRN).

The artificial intelligence and machine learning technology developer’s share price gained 9.4% despite the company’s silence.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
BrainChip Holdings Ltd (ASX: BRN)	$0.70	9.38%
Megaport Ltd (ASX: MP1)	$6.72	4.02%
Woodside Energy Group Ltd (ASX: WDS)	$35.10	2.69%
Smartgroup Corporation Ltd (ASX: SIQ)	$4.83	2.55%
Sayona Mining Ltd (ASX: SYA)	$0.22	2.33%
Macquarie Group Ltd (ASX: MQG)	$171.50	2.06%
Pendal Group Ltd (ASX: PDL)	$5.02	2.03%
Charter Hall Social Infrastructure REIT (ASX: CQE)	$3.32	1.84%
Challenger Ltd (ASX: CGF)	$7.33	1.81%
Centuia Industrial REIT (ASX: CIP)	$3.20	1.59%

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

• Why is the Woodside share price smashing the ASX 200 on Monday?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why Arafura, Megaport, Nitro, and Sayona Mining shares are storming higher today
• Why this one top fund manager is optimistic about 2023, and one little-known IPO that has hit it out of the park
• Is Xero a ‘safe’ ASX share?

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 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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These three small market cap shares have more than a 30% upside according to brokers.

Australian Vintage Ltd (ASX: AVG), Clarity Pharmaceuticals Ltd (ASX: CU6) and AIC Mines Ltd (A1M) are rated as buy or overweight in separate reports published by the ASX.

Let’s take a look at these three ASX shares in more detail.

AIC Mines

AIC Mines shares are flat today and currently fetching 45 cents. Ord Minnett has placed a “speculative buy” rating on the AIC Mines share price with an 80 cent price target. This implies an almost 78% upside on the current share price.

Ord Minnett is positive on AIC Mines’ takeover of Demetallica Limited (ASX: DRM). Commenting on the acquisition, analysts said:

….the acquisition increases A1M’s prominence in terms of scale, liquidity, mine life and risk profile – which should place it on the radar for more investors. We increase our target price to A$0.80/sh (+7%) and retain our positive view.

Australian Vintage

Australian Vintage shares are down 3.2% today and are currently fetching 60.5 cents. MA Moelis Australia has placed a buy rating on the wine company’s share price with an 87 cent price target. This implies an upside of about 43%. Analysts are positive on the company’s agreement to sell multiple commercial vineyards to Warakirri Asset Management for $62.5 million. This deal “unlocks significant value” from the company’s balance sheet, CEO Craig Garvin said earlier this month.

Commenting on the outlook for Australian Vintage, broker MA Moelis Australia said:

We see the sale and leaseback of the Coldridge and Grande Junction commercial
vineyards as a positive move, which strengthens the balance sheet at a time when
market conditions are relatively challenging due to an oversupply of Australian wine.

We maintain our buy rating and raise our target price to $0.87 (prev: $0.81),
reflecting the change in capital structure.

Clarity Pharmaceuticals

Clarity Pharmaceuticals shares are 1.1% in the green today and are currently priced at 92 cents. Wilsons has maintained an “overweight” rating on Clarity Pharmaceuticals with a 12-month price target of $1.22. This implies a nearly 33% upside based on the current share price.

Wilsons is positive on Clarity’s upcoming trial results for its SAR-bisPSMA product for prostate cancer. Analysts said:

We maintain our overweight rating on Clarity Pharmaceuticals with a revised price target of $1.22/sh. We view the upcoming release of Clarity’s Phase I/II propeller trial results for their 64Cu-SAR-bisPSMA in prostate cancer diagnosis as a de-risking event, with clear signals
towards a positive outcome.

Pending the release of these results, we revise our SOTP ROVs, additionally supported by the SAR-Bombesin PSMA-negative prostate tracking ~3 years ahead of schedule.

The post 3 small-cap ASX shares with over 30% upside: brokers appeared first on The Motley Fool Australia.

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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 Woodside Energy Group Ltd (ASX: WDS) share price is outperforming on Monday amid rising oil prices.

The black liquid’s value is gaining on news a major United States pipeline will remain closed following an incident, Russia’s response to a price cap on the nation’s exports, and relaxing COVID-19 restrictions in China.

Right now, the Woodside share price is up 2.31% at $34.97.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) has slumped 0.41%, and the S&P/ASX 200 Energy Index (ASX: XEJ) is up 1.17%.

Let’s take a closer look at what might be going on with the ASX 200 oil giant on Monday.

What’s driving the Woodside share price higher today?

The Woodside share price is out in front this afternoon, placing the company among the ASX 200’s top-performing stocks as oil spends a day in the green.

As of the time of writing, Brent crude futures are up 0.6% at US$76.56 a barrel, and WTI crude futures have lifted 0.82% to US$71.60 a barrel.

That’s likely good news for oil fans. Particularly as the energy commodity hit a 2022 low just last week.

It comes after the major North American Keystone Pipeline System was shut down last week after oil was confirmed to have leaked into a creek.

TC Energy – the company operating the pipeline – provided an update overnight. It said the product was contained, but it hadn’t confirmed a timeline for restarting the service.

Meanwhile, it’s been just days since Russian President Vladimir Putin said Russia may cut oil production in response to a US$60 per barrel price cap on the nation’s oil agreed upon by Western powers, Reuters reports.

Finally, the energy commodity’s price might be rising amid expectations that China’s recent lifting of COVID-19 restrictions, as SBS covers, could bolster demand for the black liquid.   

As an oil producer, Woodside’s bottom line mainly depends on the energy commodity’s value. The higher the oil prices, the more profit the company can rake in.

Thus, its climbing oil prices are behind the Woodside share price’s Monday gains.

The post Why is the Woodside share price smashing the ASX 200 on Monday? appeared first on The Motley Fool Australia.

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More reading

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• Is Xero a ‘safe’ ASX share?
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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 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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