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Morgan Stanley downgrades Woodside Energy Group (WDS) to a Sell

Tipranks - Mon Mar 9, 6:10PM CDT

In a report released today, Robert Koh from Morgan Stanley downgraded Woodside Energy Group to a Sell, with a price target of A$26.00.

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According to TipRanks, Koh is an analyst with an average return of -1.8% and a 46.67% success rate. Koh covers the Energy sector, focusing on stocks such as Santos Limited, Beach Energy , and Viva Energy Group Ltd..

The word on The Street in general, suggests a Hold analyst consensus rating for Woodside Energy Group with a A$27.29 average 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

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