Origin Keeps Bull on Strong 3Q LNG Prices -- Market Talk

Dow Jones05-01

0406 GMT - Origin Energy keeps its bull at Jarden after the Australian energy producer and retailer delivered higher-than-expected 3Q realized LNG prices. The broker's analysts tell clients in a note that March-quarter LNG prices were 13% higher than they had forecast. They lift their forward pricing estimates, supporting a 2.6% increase in their stock target price to A$10.00. Keeping an overweight recommendation on the stock, the Jarden analysts are now looking ahead to next week's investor briefing by Octopus Energy, in which Origin holds a 23% stake, and the expected unveiling in June of Origin's revised shareholder distribution policy and an updated investment strategy in energy transition. Shares are flat at A$9.75. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 01, 2024 00:06 ET (04:06 GMT)

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The broker's analysts tell clients in a note ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LNG","symbol_name":"Cheniere Energy Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2432591411","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432591411","pubTimestamp":1714536360,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0406 GMT - Origin Energy keeps its bull at Jarden after the Australian energy producer and retailer delivered higher-than-expected 3Q realized LNG prices. 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