RBC Capital analyst Gordon Ramsay CFA maintained a Buy rating on Origin Energy Limited (OGFGF – Research Report) on October 10 and set a price target of A$10.50. The company’s shares closed last Monday at $6.48.
Ramsay CFA covers the Energy sector, focusing on stocks such as Beach Energy Limited, Cooper Energy Limited, and Karoon Energy Ltd. According to TipRanks, Ramsay CFA has an average return of -3.5% and a 41.48% success rate on recommended stocks.
Currently, the analyst consensus on Origin Energy Limited is a Strong Buy with an average price target of $7.24, which is an 11.81% upside from current levels. In a report released on October 7, Jarden also maintained a Buy rating on the stock with a A$10.00 price target.
The company has a one-year high of $8.79 and a one-year low of $5.00. Currently, Origin Energy Limited has an average volume of 981.
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Origin Energy Limited (OGFGF) Company Description:
Origin Energy Ltd. is an integrated energy company, which engages in exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas. It operates through the following business segments: Energy Markets, Integrated Gas, and Corporate. The Energy Markets segment includes energy retailing, power generation and liquid petroleum gas operations. The Integrated Gas segment engages in growth assets business and management of LNG price risk through hedging and trading activities. The Corporate segment engages in various business development and support activities that are not allocated to operating segments. The company was founded on March 4, 1946 and is headquartered in Sydney, Australia.
