Woodside Petroleum Ltd (OTCMKTS:WOPEY) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 2,000 shares, a drop of 98.6% from the August 15th total of 146,900 shares. Based on an average daily trading volume, of 178,000 shares, the days-to-cover ratio is presently 0.0 days.
WOPEY stock traded up $0.69 during trading on Wednesday, reaching $15.15. 128,029 shares of the stock were exchanged, compared to its average volume of 43,977. Woodside Petroleum has a twelve month low of $11.90 and a twelve month high of $21.47. The stock has a 50 day simple moving average of $15.67 and a 200-day simple moving average of $17.27. The company has a quick ratio of 1.97, a current ratio of 2.03 and a debt-to-equity ratio of 0.42.
The business also recently disclosed a dividend, which will be paid on Friday, September 24th. Shareholders of record on Tuesday, August 31st will be issued a dividend of $0.42 per share. This represents a yield of 3.02%. The ex-dividend date of this dividend is Monday, August 30th.
Separately, CLSA raised Woodside Petroleum to a “buy” rating and set a $21.28 target price on the stock in a research report on Monday.
Woodside Petroleum Company Profile
Woodside Petroleum Ltd. engages in the exploration, evaluation, development, and production of hydrocarbon and oil and gas properties. It operates through the following segments: North West Shelf, Pluto, Australia Oil, Wheatstone, and Others. The North West segment engages in the exploration, evaluation, development, production and sale of liquefied natural gas, pipeline natural gas, condensate, liquefied petroleum gas and crude oil from the North West Shelf ventures.
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