Higher oil prices seem to support Origin’s share price

origin energy

The share price of Sydney-based energy company, Origin has yesterday gone up by 2.602% to $8.280 at the back of stronger oil prices. The investors are stepping up to buy the stock of vertically integrated energy company after the crude oil prices surged in overnight trade as Hurricane energy threatens to shut down US supply.

Brokers have also been seen on the side of the company. They believe that Origin has been oversold following the raising concerns on tougher regulation by federal government. Thus, they have advised investors to accumulate more stock which also seems to be in line with current oil prices direction.                                                         [optin-monster-shortcode id=”wxhmli4jjedneglg1trq”]

In the fiscal year 2018, the company has shown strong performance over Energy market and integrated gas business which helped them to achieve $438 million improvement in underlying profit to $838 million. Noting significant improvement in power generation portfolio seeded from higher wholesale price, and higher natural gas sales volumes, the group reported 36% growth in underlying earnings (EBITDA) to $2.95 billion. But since hedge cost has been standing outside the underlying earnings, the investors’ confidence in company’s financial has gone down a bit.

Currently, as at 13 September 2018 (5:22 PM AEST), Origin Energy Limited’s (ASX: ORG) share price fell 0.48% to $8.24. The stock is currently trading at the PE of 66.770 x with market capitalization of $14.57 billion. There has been the performance change of 6.56% over the past one year.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report