Origin Energy June Quarter Production

ORG.ASX released the June quarter production numbers that were slightly better than market expectations.

This supports our gradual recovery outlook for ORG and we see FY 17 revenue of $12b producing an  EBIT of $1.1b on reported profit in the range of $700m.

You're not a member!  Trial today!

Dividend is likely to remain unchanged at $0.20 which puts the stock on a 3.5% forward yield.

 

 

Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks