Woodside Energy Group (WDS) Receives a Hold from Citi
In a report released yesterday, Tom Wallington from Citi maintained a Hold rating on Woodside Energy Group, with a price target of A$25.50.
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Wallington covers the Energy sector, focusing on stocks such as Woodside Energy Group, Santos Limited, and Beach Energy . According to TipRanks, Wallington has an average return of -1.6% and a 56.00% success rate on recommended stocks.
In addition to Citi, Woodside Energy Group also received a Hold from Morgan Stanley’s Robert Koh in a report issued today. However, on January 13, 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 June 30, the company reported a quarterly revenue of A$6.59 billion and a net profit of A$1.32 billion. In comparison, last year the company earned a revenue of A$5.99 billion and had a net profit of A$1.94 billion
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WDS in relation to earlier this year.
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