Woodside Energy Group (WDS) Receives a Hold from Morgans
In a report released today, Adrian Prendergast from Morgans maintained a Hold rating on Woodside Energy Group, with a price target of A$34.00.
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According to TipRanks, Prendergast is a 5-star analyst with an average return of 18.4% and a 59.45% success rate. Prendergast covers the Energy sector, focusing on stocks such as Amplitude Energy, Woodside Energy Group, and Beach Energy .
In a report released on June 14, UBS also maintained a Hold rating on the stock with a A$30.40 price target.
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.
Read More on AU:WDS:
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