Citi Keeps Their Hold Rating on Woodside Energy Group (WDS)

Citi analyst Tom Wallington maintained a Hold rating on Woodside Energy Group today and set a price target of A$33.25.

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Wallington covers the Energy sector, focusing on stocks such as Woodside Energy Group, Santos Limited, and Beach Energy . According to TipRanks, Wallington has an average return of 6.6% and a 77.14% success rate on recommended stocks.

In addition to Citi, Woodside Energy Group also received a Hold from Morgans’s Adrian Prendergast in a report issued on April 7. However, on April 10, Morgan Stanley maintained a Sell rating on Woodside Energy Group (ASX: WDS).

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.