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RBC Capital Sticks to Its Buy Rating for Woodside Energy Group (WDS)

Tipranks - Wed Apr 15, 8:54PM CDT

RBC Capital analyst Gordon Ramsay CFA maintained a Buy rating on Woodside Energy Group on April 13 and set a price target of A$35.00.

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Ramsay CFA covers the Energy sector, focusing on stocks such as Amplitude Energy, Santos Limited, and Viva Energy Group Ltd.. According to TipRanks, Ramsay CFA has an average return of 4.7% and a 50.49% success rate on recommended stocks.

Currently, the analyst consensus on Woodside Energy Group is a Hold with an average price target of A$29.46.

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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