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

Shares of Woodside Energy Group Ltd (NYSE:WDS) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $19.18 and last traded at $19.0360, with a volume of 103834 shares traded. The stock had previously closed at $18.72.

Analyst Ratings Changes

WDS has been the topic of several recent analyst reports. Wall Street Zen raised shares of Woodside Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, January 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Woodside Energy Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Woodside Energy Group has an average rating of “Moderate Buy”.

Woodside Energy Group Stock Up 1.6%

The firm has a fifty day moving average of $16.56 and a two-hundred day moving average of $16.39. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.31.

Institutional Trading of Woodside Energy Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Arax Advisory Partners lifted its stake in shares of Woodside Energy Group by 257.0% during the 4th quarter. Arax Advisory Partners now owns 1,660 shares of the company’s stock valued at $26,000 after buying an additional 1,195 shares in the last quarter. EFG International AG bought a new stake in Woodside Energy Group during the 4th quarter valued at $32,000. Rothschild Investment LLC lifted its position in shares of Woodside Energy Group by 137.7% during the second quarter. Rothschild Investment LLC now owns 2,073 shares of the company’s stock worth $32,000 after acquiring an additional 1,201 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Woodside Energy Group by 111.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock worth $30,000 after acquiring an additional 1,102 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Woodside Energy Group in the fourth quarter worth $35,000. Institutional investors 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.