BUZZ-Citi upbeat on Aussie co Origin Energy's dividend outlook; stock rises

Reuters11-04 09:08

** Citi upbeat on Australian co Origin Energy's near-term dividend outlook, citing enough cash reserves to bypass higher cash tax for FY25

** Stock rises 1.34% to A$9.85

** Brokerage flags potential risks for profitability if oil prices keep falling or if co fails to monetize its Yanco Delta project in New South Wales

** Expects FY net debt to EBITDA ratio at bottom of target range

** Says expectations of flat EBITDA from Emerging Markets "pessimistic"; anticipates better performance in these markets

** Retains "buy" rating and PT of A$11

** Stock up ~15% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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