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Woodside Energy Group (WDS) was downgraded to a Hold Rating at Morgans

Tipranks - Tipranks - Tue Apr 7, 7:14PM CDT

Morgans analyst Adrian Prendergast downgraded Woodside Energy Group to a Hold today and set a price target of A$33.40.

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Prendergast covers the Energy sector, focusing on stocks such as Amplitude Energy, Santos Limited, and Beach Energy . According to TipRanks, Prendergast has an average return of 19.5% and a 62.09% success rate on recommended stocks.

In a report released on March 23, UBS also assigned a Hold rating to the stock with a A$30.20 price target.

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Based on Woodside Energy Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$6.5 billion and a net profit of A$1.43 billion. In comparison, last year the company earned a revenue of A$7.19 billion and had a net profit of A$1.64 billion

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WDS in relation to earlier this year.

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