Morgans Sticks to Its Buy Rating for Woodside Energy Group (WDS)
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Prendergast covers the Energy sector, focusing on stocks such as Beach Energy , Santos Limited, and Empire Energy Group Limited. According to TipRanks, Prendergast has an average return of 11.4% and a 51.41% success rate on recommended stocks.
Woodside Energy Group has an analyst consensus of Moderate Buy, with a price target consensus of A$25.28, representing a 5.55% upside. In a report released on July 9, RBC Capital also maintained a Buy rating on the stock with a A$32.50 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$7.19 billion and a net profit of A$1.64 billion. In comparison, last year the company earned a revenue of A$6.59 billion and had a GAAP net loss of A$80 million
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WDS in relation to earlier this year.
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