5 High Growth International Stocks to Buy

Page 5 of 5

1. Woodside Energy Group Ltd (NYSE:WDS)

Number of Hedge Fund Holders: 9

Quarterly Revenue Growth YoY as of December 30, 2022: 142.00% 

Woodside Energy Group Ltd (NYSE:WDS) was founded in 1954 and is headquartered in Perth, Australia. The company focuses on the exploration, development, production, and marketing of hydrocarbons in Oceania, Asia, Canada, Africa, and internationally. It produces liquefied natural gas, pipeline natural gas, condensate, liquefied petroleum gas, and crude oil. On February 27, Woodside Energy Group Ltd (NYSE:WDS) reported FY 2022 revenue of $16.82 billion, beating Wall Street estimates by $140 million and up 142% year-over-year. It is one of the best high growth international stocks to monitor. 

On December 11, Henry Meyer, an analyst at Goldman Sachs, started coverage of Woodside Energy Group Ltd (NYSE:WDS) by assigning it a Buy rating and setting a target price of A$41.80. According to the analyst’s research note, Woodside Energy Group Ltd (NYSE:WDS) has become one of the biggest independent oil and gas producers globally after merging with BHP Petroleum. The analyst predicts that Woodside Energy Group Ltd (NYSE:WDS) will earn record profits until 2023 due to its exceptional access to spot prices for liquefied natural gas and oil, which he believes will remain high.

According to Insider Monkey’s Q4 data, 9 hedge funds were long Woodside Energy Group Ltd (NYSE:WDS), compared to 10 funds in the last quarter. 

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out 11 High Growth High Margin Stocks to Buy and 11 Best Energy Dividend Stocks to Invest In.

Page 5 of 5