Woodside Petroleum 1H16 Earnings Result

WPL.ASX 1H16 underlying profit of $340m was down 50% on 1H15. IH16 EPS $0.41 and DPS (down 50%) to $0.34

Fy17 outlook is for full year EPS of $1.30 and DPS of $0.90 placing the stock on a forward yield of 4.5%.

You're not a member!  Trial today!

The stock appears to be in the early stage of a break higher and for the time being, we leave this name uncapped from a call option perspective.

WPL

Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks