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Morgan Stanley Remains a Sell on Woodside Energy Group (WDS)

Tipranks - Sat Apr 11, 6:02AM CDT

Morgan Stanley analyst Robert Koh maintained a Sell rating on Woodside Energy Group today and set a price target of A$28.00.

Easter Sale - 70% Off TipRanks

Koh covers the Energy sector, focusing on stocks such as Santos Limited, Beach Energy , and Viva Energy Group Ltd.. According to TipRanks, Koh has an average return of -2.3% and a 43.52% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Woodside Energy Group with a A$29.09 average price target.

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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