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

Tipranks - Tipranks - Mon Jul 20, 6:46PM CDT

Morgans analyst Adrian Prendergast maintained a Hold rating on Woodside Energy Group today and set a price target of A$33.40.

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Prendergast covers the Energy sector, focusing on stocks such as Amplitude Energy, Beach Energy , and Karoon Energy Ltd. According to TipRanks, Prendergast has an average return of 16.7% and a 57.85% success rate on recommended stocks.

In addition to Morgans, Woodside Energy Group also received a Hold from Citi’s Tom Wallington in a report issued on July 8. However, on July 15, RBC Capital maintained a Buy rating on Woodside Energy Group (ASX: WDS).

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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

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