RBC Capital Sticks to Their Hold Rating for Origin Energy Limited (OGFGF)
In a report released on April 13, Gordon Ramsay CFA from RBC Capital maintained a Hold rating on Origin Energy Limited, with a price target of A$14.00. The company’s shares closed last Tuesday at A$12.37.
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Ramsay CFA covers the Energy sector, focusing on stocks such as Amplitude Energy, Santos Limited, and Viva Energy Group Ltd.. According to TipRanks, Ramsay CFA has an average return of 4.7% and a 50.49% success rate on recommended stocks.
Origin Energy Limited has an analyst consensus of Moderate Buy, with a price target consensus of A$12.37.
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:
Disclaimer & DisclosureReport an Issue
- Origin Energy Issues Small Tranche of New Ordinary Shares After Security Conversion
- Origin Energy Issues New Unquoted Share Rights Under Employee Scheme
- 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
