In a report released today, James Byrne CFA from Citi maintained a Sell rating on Woodside Energy Group (WDS – Research Report), with a price target of A$23.00. The company’s shares opened today at A$25.02.
According to TipRanks, Byrne CFA is a 3-star analyst with an average return of 2.5% and a 51.79% success rate. Byrne CFA covers the Energy sector, focusing on stocks such as Beach Energy Limited, Karoon Energy Ltd, and Origin Energy Limited.
Woodside Energy Group has an analyst consensus of Hold, with a price target consensus of A$29.19.
WDS market cap is currently A$46.2B and has a P/E ratio of 16.38.
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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Woodside Energy Group (WDS) Company Description:
Incorporated in 1954 and named after the small Victorian town of Woodside, Woodside’s early exploration focus moved from Victoria’s Gippsland Basin to Western Australia’s Carnarvon Basin. First LNG production from the North West Shelf came in 1984. BHP Billiton and Shell each had 40% shareholdings before BHP sold out in 1994 and Shell sold down to 34%. In 2010, Shell further decreased its shareholding to 24%. Woodside has the potential to become the most LNG-leveraged company globally.