Origin Energy Shares Ease on Hunter Valley Battery Plans
Origin Energy shares eased 1.9% to $5.01 on Tuesday in the wake of the company revealing billion dollar plans for a huge new battery in the Hunter Valley.
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ORG – Morgan Stanley rates the stock as Equal-weight
Today’s update reveals Morgan Stanley has downgraded its industry view to Cautious, having upgraded to Attractive in December. Target price is $5.83. Current Price is $5.06.
Read MoreCash Flow Still Features For Origin Energy
The prospects of capital returns from Origin Energy loom as cash levels rise and oil prices rebound. Nevertheless, the company faces challenges in its energy markets.
Read MoreORG – Macquarie rates the stock as Neutral
Origin Energy has upgraded production guidance driven by global LNG supply outages, China demand recovery and higher Korean demand due to nuclear generation outages. Additionally, there is increased northern hemisphere winter demand.
Read MoreORG – Morgans rates the stock as Add
Morgans sees significant upside for patient investors in Origin Energy. However, in the short term the broker finds it hard to identify a catalyst that may close the gap between the current share price and the analyst’s valuation.
Read MoreORG – Credit Suisse rates the stock as Neutral
Credit Suisse updates forecasts to account for its global oil outlook. The broker also increases FY21 forecasts for APLNG production by 1.7%.
Read MoreSantos, Origin Earnings Slump As Virus Smashes Energy Prices
As forecast, two more oil and gas players have revealed massive slides in earnings – Origin Energy (full year) and Santos (half-year). Santos will still pay a small interim dividend despite a big half-year loss. Meanwhile, Origin Energy just missed the red ink when it reported a 93% plunge in earnings for the year.
Read MoreORG – Credit Suisse rates the stock as Neutral
Credit Suisse assesses the fourth quarter produced a good result from LNG, with production in line with guidance despite Origin Energy curtailing production.
Read MoreCapital Management Critical To Origin Energy
Origin Energy has reaffirmed energy markets guidance despite increased bad debt provisions, while adding asset impairmentson lower oil price assumptions.
Read MoreOrigin Energy Joins Energy Peers With Widespread Writedowns
Origin Energy has joined the growing list of energy companies writing down the value of their assets because they have been forced to slash future projections for prices.
Read MoreORG – Credit Suisse rates the stock as Neutral
Credit Suisse had been of the view that Origin Energy did not offer compelling value relative to oil & gas peers, based on implied prices and a negative outlook for energy markets.
Read MoreCuts To Oil Production Unlikely To Be Enough
The US has brokered an historic oil production agreement between OPEC, Russia and the G20, although brokers are sceptical about whether this will have enough impact on supply/demand dynamics.
Read MoreORG – Citi rates the stock as Buy
Origin Energy has retained its distribution guidance from its APLNG stake, which was under threat from the oil price collapse.
Read MoreOrigin Energy Hangs On To Guidance But Slashes Capex
Origin Energy has followed a long list of other companies in cutting spending to preserve cash during the current COVID-19 crisis.
Read MoreOrigin Energy Profit Powers Down On Outages, Price Caps
Origin Energy’s interim profit took a number of blows from outages across its businesses in the six months to December – some own goals, others beyond its control.
Read MoreORG – Credit Suisse rates the stock as Outperform
Commodity revenue was 5% ahead of Credit Suisse forecasts in the first quarter while LNG revenue was 12% ahead. The broker adjusts realised price assumptions for the next year relative to Brent oil pricing.
Read MoreOrigin Energy Powers Down Dividend Policy Despite Earnings Surge
Origin Energy’s underlying profit might have surged more than 40% in the year to June, but the coming year will be tougher, so a new dividend policy will be adopted to handle any slowdown.
Read MoreORG – Citi rates the stock as Neutral
APLNG cash flows were slightly ahead of Citi’s expectations. The break-even operating oil price is now calculated at US$21/bbl.
Read MoreORG – UBS rates the stock as Buy
APLNG continues to increase cash distributions and the company has now guided to around $850m in FY19, ahead of UBS estimates. APLNG achieved the highest realised LNG price this quarter relative to other Australian E&P’s.
Read MoreBeach, Origin Shares Slide Despite Strong Results
Solid quarterly updates from the two remaining energy groups yesterday for the three months to March in the shape of the Kerry Stokes-dominated Beach Energy and LNG exporter and power operator, Origin.
Read MoreORG – Macquarie rates the stock as Outperform
Macquarie points out earnings expectations in energy markets now reflect the falling LREC price and the inability for Origin Energy to offset this from other sources.
Read MoreORG – Morgans rates the stock as Add
Morgans observes the stock has declined -25% over the last year, amid concerns about regulation in the electricity market and a volatile oil price.
Read MoreRecord LNG Result Saves Origin As Retail Slips
Origin Energy produced the second encouraging December quarter statement from an energy group yesterday after beach upgraded its output guidance by 10%.
Read MoreORG – Macquarie rates the stock as Outperform
Macquarie believes the agreement between APLNG and Arrow provide some minor upside and an enhanced return. Of most significance is the potential for additional volumes from Arrow, as it lowers the medium-term risk of needing to ramp up fields to replace the Bellevue and Kenya production.
Read MoreResurgent Origin Energy Leaves Shareholders Waiting
Origin Energy is well and truly in the black and is looking to restart dividends to patient shareholders in 2019.
Read MoreAPLNG Lifts Origin To Record June Quarter
Origin Energy shares staged a modest rise yesterday on the back of news that the company had achieved record production and revenue in the June quarter thanks to higher production from its joint-owned APLNG project and higher oil and gas prices.
Read MoreORG – Macquarie rates as Outperform
Macquarie analysts have updated their modeling with an analysis of 4Q18 and FY18 electricity and gas data. On their assessment, demand remains soft in both markets with volatility shrinking.
Read MoreORG – Macquarie rates the stock as Outperform
ORG – Macquarie rates the stock as Upgrade to Outperform from Neutral
Read MoreOrigin Energy Lifts Outlook After Ironbark Impairment
Yes, there is life after years of board inaction and overspending on LNG for Origin Energy.
Read MoreOrigin Takes Hit On Gas Assets
The impairments continue at Origin Energy with another half a billion dollars plus of red ink revealed yesterday.
Read MoreLNG Lifts Origin H1 Profit
Origin Energy has posted a 40% jump in first half sales from its oil and gas business despite a fall in output in the December quarter in the last quarterly report before the sale of its Lattice Energy arm (to Beach Energy).
Read MoreORG – Deutsche Bank rates the stock as Hold
The company has reaffirmed guidance for energy markets operating earnings of $1.7-1.8bn in FY18. APLNG production guidance is to 45-265 PJ and a break even of US$48/boe.
Read MoreEraring Coal Fires Up Origin Energy
Shares in Origin Energy rose to a two year high on Tuesday with some reports claiming the rise was due to the company revealing cost cuts at its flagship liquefied natural gas export operation in central Queensland.
Read MoreORG – UBS rates the stock as Buy
September quarter APLNG production and pricing was in line with UBS estimates. The broker observes the Lattice Energy assets are no longer relevant to the company but it will book profits until the transaction is completed.
Read MoreOrigin Hits Two-Year High On Strong Quarterly
Origin shares hit two-year highs yesterday after the company released positive September quarter results.
Read MoreORG – UBS rates the stock as Buy
The company will sell Lattice Energy to Beach Energy ((BPT)) for close to $1.6bn. Lattice consists of most of the company’s oil & gas assets in the Cooper Basin, offshore Victoria, New Zealand and Western Australia.
Read MoreORG – UBS rates the stock as Buy
Origin’s result beat the broker by 2% and consensus by 5%. The forecast 6% growth in energy markets earnings in FY18 was key to the share price rally, the broker suggests. Wholesale electricity prices are the key driver of earnings.
Read MoreOrigin Suspends Dividend After LNG Writedowns
As expected the heavy write down revealed last week in the value of its export LNG project in Queensland has seen Origin Energy report a $2.2 billion net loss for the year to June – more than three times the loss of a year earlier which saw a much smaller write down of the value of the LNG project.
Read MoreORG – Deutsche Bank rates the stock as Hold
Origin’s June Q production beat the broker by 12% thanks to outperformance at APLNG. Otway also exceeded expectations.
Read MoreOrigin Energy Doubles Full-Year Revenue
Shares in Origin Energy hardly moved yesterday after the company revealed that it had more than doubled annual sales of oil and gas, driven primarily by the ramp-up of its LNG export venture in Queensland and also by the growth in its conventional oil and gas business about to be spun off as Lattice Energy.
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