UBS Sticks to Its Hold Rating for Woodside Energy Group (WDS)
In a report released today, Tom Allen from UBS maintained a Hold rating on Woodside Energy Group, with a price target of A$23.10.
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According to TipRanks, Allen is a 4-star analyst with an average return of 7.6% and a 60.12% success rate. Allen covers the Energy sector, focusing on stocks such as Santos Limited, Beach Energy , and Woodside Energy Group.
In addition to UBS, Woodside Energy Group also received a Hold from Bernstein’s Neil Beveridge in a report issued today. However, on January 22, TipRanks – Google reiterated 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.
Read More on AU:WDS:
Disclaimer & DisclosureReport an Issue
- Balancing Record Output with Weaker Outlook and LNG Price Risks: Maintaining Hold on Woodside
- Woodside Delivers Record Output as Flagship LNG and Ammonia Projects Advance
- Woodside Energy Adjusts Capital Structure as Equity Rights Lapse
- Woodside Energy Issues 2.37 Million Shares on Conversion of Unquoted Securities
- Woodside Energy to Issue 5.5 Million Unquoted Rights Under Employee Incentive Scheme
