Woodside Energy Group Ltd (NYSE:WDS) Given Average Rating of “Hold” by Analysts

Shares of Woodside Energy Group Ltd (NYSE:WDS) have earned an average recommendation of “Hold” from the four research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $23.21.

A number of equities research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Woodside Energy Group in a research report on Monday, June 8th. Zacks Research raised shares of Woodside Energy Group to a “hold” rating in a research report on Tuesday, August 11th. Needham & Company LLC began coverage on Woodside Energy Group in a report on Tuesday, August 11th. They issued a “neutral” rating and a $23.21 price objective for the company. Finally, Bank of America assumed coverage on shares of Woodside Energy Group in a research note on Tuesday, August 11th. They set a “neutral” rating and a $23.21 target price on the stock.

Institutional Trading of Woodside Energy Group

A number of hedge funds have recently bought and sold shares of the business. TD Waterhouse Canada Inc. boosted its stake in shares of Woodside Energy Group by 87.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,394 shares of the company’s stock valued at $27,000 after buying an additional 650 shares during the period. Benjamin Edwards Inc. raised its position in Woodside Energy Group by 6.0% in the second quarter. Benjamin Edwards Inc. now owns 92,952 shares of the company’s stock valued at $1,796,000 after purchasing an additional 5,291 shares during the period. GTS Securities LLC acquired a new stake in shares of Woodside Energy Group during the second quarter worth approximately $903,000. Corient Private Wealth LP boosted its stake in Woodside Energy Group by 9.9% in the second quarter. Corient Private Wealth LP now owns 47,372 shares of the company’s stock valued at $915,000 after acquiring an additional 4,277 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in Woodside Energy Group by 16.7% during the 2nd quarter. Jones Financial Companies Lllp now owns 35,995 shares of the company’s stock worth $682,000 after acquiring an additional 5,164 shares during the period. Institutional investors and hedge funds own 3.17% of the company’s stock.

Woodside Energy Group Trading Down 3.9%

Shares of NYSE:WDS traded down $0.94 during trading on Tuesday, reaching $22.88. 457,920 shares of the company traded hands, compared to its average volume of 1,000,969. Woodside Energy Group has a 52 week low of $14.27 and a 52 week high of $25.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.46 and a current ratio of 1.59. The company’s 50 day moving average is $21.51 and its two-hundred day moving average is $21.86.

About Woodside Energy Group

Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.