BUZZ-Australia's Origin dips to 2-month low on disappointing FY25 production forecast

Reuters
31 Jan
BUZZ-Australia's Origin dips to 2-month low on disappointing FY25 production forecast

** Shares of Australia's Origin Energy ORG.AX fall 4% to A$10.75, their lowest level since Dec. 23

** Power producer downgrades fiscal 2025 APLNG production forecast by 2%-3% due to poor due to field performance

** Brokerage Citi attributed share price dip to missed consensus on gas volumes, higher-than-expected cash tax and lack of update on the APLNG price review

** Stock second biggest percentage loser in the benchmark S&P/ASX 200 index .AXJO

** Stock fell as much as 4.7% earlier in the day, marking its worst intraday drop since Aug. 15

** Stock up 2.8% this year, as of last close

(Reporting by Roushni Nair in Bengaluru)

((Roushni.nair@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10