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

UBS analyst Tom Allen maintained a Hold rating on Woodside Energy Group today and set a price target of A$30.40.

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Allen covers the Energy sector, focusing on stocks such as Santos Limited, Woodside Energy Group, and Beach Energy . According to TipRanks, Allen has an average return of 10.8% and a 65.92% success rate on recommended stocks.

In addition to UBS, Woodside Energy Group also received a Hold from Citi’s Tom Wallington in a report issued on April 13. However, on the same day, RBC Capital maintained a Buy 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.