Woodside Energy Group Ltd (NYSE:WDS) Stock Has Consensus Price Target of $23.21 According to Brokerages

Key Points

• Analyst sentiment is moderately positive: Woodside Energy Group has a consensus “Moderate Buy” rating, with three holds and one strong-buy recommendation. The average 12-month price target is $23.21, nearly equal to the stock’s reported opening price of $23.18.
• Shares are trading within their recent range: WDS has a 52-week range of $14.27 to $25.19, with 50-day and 200-day moving averages of $22.97 and $22.39, respectively. The company reports relatively modest leverage, including a debt-to-equity ratio of 0.25.
• Institutional ownership has increased: Several investment firms recently expanded their positions or initiated new stakes, though institutional investors collectively own only 3.17% of the company. Woodside also recently paid a reported $0.57 dividend.

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the four ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $23.21.

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of Woodside Energy Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 9th. Bank of America began coverage on shares of Woodside Energy Group in a research note on Tuesday, August 11th. They issued a "neutral" rating and a $23.21 target price for the company. Weiss Ratings reissued a "hold (c)" rating on shares of Woodside Energy Group in a research report on Friday, September 4th. Finally, Needham & Company LLC 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 price target on the stock.

Woodside Energy Group Stock Performance

Shares of WDS opened at $23.18 on Wednesday. The business has a 50-day moving average of $22.97 and a 200 day moving average of $22.39. Woodside Energy Group has a fifty-two week low of $14.27 and a fifty-two week high of $25.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.39 and a quick ratio of 1.28.

Woodside Energy Group Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were paid a $0.57 dividend. This represents a yield of 500.0%. The ex-dividend date was Friday, September 4th.

Institutional Investors Weigh In On Woodside Energy Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP lifted its position in Woodside Energy Group by 25.8% in the 1st quarter. First Trust Advisors LP now owns 1,119,202 shares of the company's stock worth $26,727,000 after buying an additional 229,625 shares during the last quarter. XY Capital Ltd purchased a new stake in Woodside Energy Group in the second quarter worth approximately $3,439,000. Envestnet Asset Management Inc. boosted its stake in Woodside Energy Group by 67.0% in the second quarter. Envestnet Asset Management Inc. now owns 415,076 shares of the company's stock worth $8,019,000 after buying an additional 166,495 shares in the last quarter. Quantinno Capital Management LP grew its position in Woodside Energy Group by 20.6% during the first quarter. Quantinno Capital Management LP now owns 613,278 shares of the company's stock valued at $14,645,000 after acquiring an additional 104,720 shares during the last quarter. Finally, McAlvany Wealth Management LLC bought a new position in Woodside Energy Group during the fourth quarter valued at approximately $1,480,000. Institutional investors own 3.17% of the company's stock.

Woodside Energy Group Company Profile

Woodside Energy Group Ltd. is an Australian energy company engaged in the exploration, development, production and marketing of oil and natural gas. Its products include liquefied natural gas (LNG), pipeline gas, condensate, crude oil and liquefied petroleum gas, which it supplies to customers in Australia and international markets.

The company operates a portfolio of upstream assets and LNG projects, including the Pluto LNG and North West Shelf operations in Western Australia. Its international interests include the Sangomar oil and gas project offshore Senegal and the Wheatstone LNG project in the United States.

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