Morgan Stanley Sticks to Their Hold Rating for Woodside Energy Group (WDS)
In a report released today, Robert Koh from Morgan Stanley maintained a Hold rating on Woodside Energy Group, with a price target of A$26.00.
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Koh covers the Energy sector, focusing on stocks such as Beach Energy , Karoon Energy Ltd, and Viva Energy Group Ltd.. According to TipRanks, Koh has an average return of 0.7% and a 52.13% success rate on recommended stocks.
In addition to Morgan Stanley, Woodside Energy Group also received a Hold from UBS’s Tom Allen 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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