Woodside Energy Group (NYSE:WDS) Shares Gap Down - What's Next?

Key Points

• Woodside Energy Group's share price dropped from a previous close of $17.40 to an opening price of $16.87 before settling at $16.75 with significant trading volume.
• Analysts have recently upgraded the stock to a "strong-buy" rating, with a consensus rating of "Moderate Buy" from various analysts.
• The company has a market capitalization of $31.56 billion and maintains a healthy debt-to-equity ratio of 0.25, indicating solid financial stability.

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $17.40, but opened at $16.87. Woodside Energy Group shares last traded at $16.75, with a volume of 518,248 shares.

Analysts Set New Price Targets

Separately, CLSA upgraded shares of Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Woodside Energy Group Stock Performance

The stock has a market capitalization of $31.56 billion, a P/E ratio of 20.27 and a beta of 0.67. The company's 50-day moving average is $16.40 and its two-hundred day moving average is $14.89. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Institutional Trading of Woodside Energy Group

Several hedge funds have recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS lifted its position in Woodside Energy Group by 1.5% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 42,515 shares of the company's stock valued at $656,000 after purchasing an additional 643 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Woodside Energy Group by 38.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company's stock valued at $36,000 after purchasing an additional 646 shares during the last quarter. NewEdge Advisors LLC lifted its position in Woodside Energy Group by 21.9% in the 2nd quarter. NewEdge Advisors LLC now owns 4,171 shares of the company's stock valued at $64,000 after purchasing an additional 750 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Woodside Energy Group by 17.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 5,226 shares of the company's stock valued at $81,000 after purchasing an additional 781 shares during the last quarter. Finally, Mission Wealth Management LP lifted its position in Woodside Energy Group by 8.9% in the 1st quarter. Mission Wealth Management LP now owns 12,692 shares of the company's stock valued at $184,000 after purchasing an additional 1,042 shares during the last quarter. 3.17% of the stock is currently owned by institutional investors.

Woodside Energy Group Company Profile

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, and marketing of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe. The company produces liquefied natural gas, pipeline gas, crude oil and condensate, and natural gas liquids. It holds interests in the Pluto LNG, North West Shelf, Wheatstone and Julimar-Brunello, Bass Strait, Ngujima-Yin FPSO, Okha FPSO, Pyrenees FPSO, Macedon, Shenzi, Mad dog, Greater Angostura, as well as Scarborough, Sangomar, Trion, Calypso, Browse, Liard, Atlantis, Woodside Solar opportunity, and Sunrise and Troubadour.

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