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Ord Minnett Sticks to Its Sell Rating for Woodside Energy Group (WDS)

Tipranks - Tipranks - Tue Apr 14, 8:36PM CDT

In a report released today, from Ord Minnett maintained a Sell rating on Woodside Energy Group, with a price target of A$25.50.

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In addition to Ord Minnett, Woodside Energy Group also received a Sell from Morgan Stanley’s Robert Koh in a report issued on April 10. However, yesterday, Citi maintained a Hold rating on Woodside Energy Group (ASX: WDS).

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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 20 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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