This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Woodside Energy Group (WDS) Receives a Hold from Morgans

Tipranks - Tue Jun 16, 7:56PM CDT

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.

Claim 55% Off TipRanks

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.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.