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The latest update is out from Origin Energy Limited ( (AU:ORG) ).
Origin Energy Limited has announced the conclusion of a price review for its long-term LNG supply contract with Sinopec, resulting in a reduction in the JCC-linked contract slope effective from January 2025. This adjustment is expected to decrease Origin’s share of Australia Pacific LNG’s Underlying EBITDA by $55 million for the second half of FY25, although there is no change to the FY25 guidance for Integrated Gas. The contract, which ends in December 2035, includes one final price review in 2030.
The most recent analyst rating on (AU:ORG) stock is a Buy with a A$12.10 price target. To see the full list of analyst forecasts on Origin Energy Limited stock, see the AU:ORG Stock Forecast page.
More about Origin Energy Limited
Origin Energy Limited is a prominent player in the energy industry, primarily involved in the production and supply of energy products, including natural gas and electricity. The company holds a significant stake in Australia Pacific LNG, focusing on liquefied natural gas (LNG) supply and operations.
Average Trading Volume: 3,682,836
Technical Sentiment Signal: Buy
Current Market Cap: A$18.94B
For a thorough assessment of ORG stock, go to TipRanks’ Stock Analysis page.