Origin – Hold or Sell?

I have 1066 Origin shares. With ORG now over $9, should I be selling some or just hold for further gains.

Thanks

 

A: Thanks for the question.

I have been surprised by the performance of Origin. That said, I note that the oil price seems really well supported, and given that economic growth is in sync, energy looks like a sector to be moderately overweight.

While Origin is by no means my first pick in this sector, it is not a bad company and I would probably be inclined to hang on for the ride.

As for the major brokers, according to FN Arena, the consensus target price is $8.95. There are 3 buy recommendations, and 3 neutral recommendations.

regards


Read Answer