Origin Energy Limited (OGFGF) Gets a Hold from Ord Minnett
In a report released today, from Ord Minnett maintained a Hold rating on Origin Energy Limited, with a price target of A$11.10.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Origin Energy Limited with a A$12.43 average price target.
Based on Origin Energy Limited’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$7.93 billion and a net profit of A$557 million. In comparison, last year the company earned a revenue of A$8.8 billion and had a net profit of A$1.02 billion
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OGFGF in relation to earlier this year.
Read More on OGFGF:
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- Origin Energy Director Increases Indirect Shareholding
- Origin Energy Updates Interim Dividend Terms and DRP Pricing
- Origin Energy director Stephen Mikkelsen acquires indirect stake in company shares
- Origin CEO trims stake to meet tax bill, retains significant holding
- Origin Energy Issues 291 Unquoted Share Rights Under Employee Incentive Scheme
