The uptrend in the Origin share price is well established and the stock now trades near full value.
We continue our buy-side interest, although we recognize a period of consolidation over the next 6 months is likely.
At the upcoming earnings result, we’ll be looking for commentary from the company on reinstating dividends and progress on the debt reduction program.
Origin is a recommended buy-write strategy within the ASX Top 50 model portfolio.
Consensus earnings forecasts are looking for 23% EPS growth supported by higher energy prices and ramp up of LNG revenue.