Woodside Energy Group (NYSE:WDS) Reaches New 1-Year High – Time to Buy?

Woodside Energy Group Ltd (NYSE:WDS)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $18.12 and last traded at $18.0010, with a volume of 32470 shares trading hands. The stock had previously closed at $17.80.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WDS. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Woodside Energy Group in a report on Monday, December 29th. Wall Street Zen upgraded shares of Woodside Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Woodside Energy Group presently has a consensus rating of “Moderate Buy”.

Woodside Energy Group Stock Performance

The stock has a 50-day moving average of $16.25 and a 200-day moving average of $16.31. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.74 and a current ratio of 1.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its stake in Woodside Energy Group by 19.3% during the fourth quarter. Allworth Financial LP now owns 3,907 shares of the company’s stock worth $61,000 after buying an additional 633 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Woodside Energy Group by 1.5% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 42,515 shares of the company’s stock worth $656,000 after acquiring an additional 643 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Woodside Energy Group by 38.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company’s stock worth $36,000 after acquiring an additional 646 shares in the last quarter. Savant Capital LLC increased its stake in Woodside Energy Group by 3.0% in the third quarter. Savant Capital LLC now owns 24,408 shares of the company’s stock valued at $367,000 after acquiring an additional 701 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in Woodside Energy Group by 21.9% in the second quarter. NewEdge Advisors LLC now owns 4,171 shares of the company’s stock valued at $64,000 after acquiring an additional 750 shares during the last quarter. Institutional investors and hedge funds own 3.17% of the company’s stock.

Woodside Energy Group Company Profile

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.