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Macquarie Sticks to Its Hold Rating for Origin Energy Limited (OGFGF)

Tipranks - Tipranks - Wed Mar 11, 5:38PM CDT

Macquarie analyst maintained a Hold rating on Origin Energy Limited today and set a price target of A$11.25.

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In addition to Macquarie, Origin Energy Limited also received a Hold from RBC Capital’s Gordon Ramsay CFA in a report issued on March 3. However, on March 8, Morgan Stanley maintained a Sell rating on Origin Energy Limited (Other OTC: OGFGF).

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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 9 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.

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