12 Worst Depressed Stocks To Buy Now

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1. Woodside Energy Group Ltd (NYSE:WDS)

52 Week Range: 14.11 – 20.30 

Current Share Price: $14.37

Analyst Upside Potential: 19.00%

1-Year Performance: -24.83%

Number of Hedge Fund Holders: 10 

Woodside Energy Group Ltd (NYSE:WDS) is a global energy company specializing in the exploration, production, marketing, and trading of oil and natural gas. It operates through three main segments including Australia, International, and Marketing. Moreover, it is also developing the Woodside Louisiana LNG terminal in Louisiana for LNG production and export.

On February 25, Morgan Stanley analyst Robert Koh maintained a Hold rating on the stock with a price target of A$27.00. In fiscal 2024, Woodside Energy Group Ltd (NYSE:WDS) achieved a record production of 193.9 million barrels of oil equivalent. This growth was supported by strong performance at the Sangomar project and high reliability at its LNG facilities. As a result, the net profit after tax reached $3,573 million, reflecting a 115% increase year-on-year, driven by operational excellence and new production streams. However, regardless of the performance the stock price has dropped more than 24% during the last 12 months and it is currently trading close to its 52-week low, thereby making it the worst depressed stock to buy now.

While we acknowledge the potential of Woodside Energy Group Ltd (NYSE:WDS) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WDS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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