Origin Energy Limited (OGFGF – Research Report) received a Buy rating and an A$8.88 price target from Morgan Stanley analyst Robert Koh today. The company’s shares closed last Thursday at $5.21.
According to TipRanks, Koh is a 4-star analyst with an average return of 10.1% and an 87.50% success rate.
Currently, the analyst consensus on Origin Energy Limited is a Moderate Buy with an average price target of $5.51.
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Based on Origin Energy Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0
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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.