Woodside Energy Group (WDS) Gets a Hold from Macquarie

In a report released today, from Macquarie maintained a Hold rating on Woodside Energy Group, with a price target of A$35.00.

Claim 30% Off TipRanks

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

In addition to Macquarie, Woodside Energy Group also received a Hold from Citi’s Tom Wallington in a report issued on April 13. 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 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.