Origin Energy's (ASX:ORG) fiscal first-half results were ahead of market expectations, and its increased guidance for the energy markets division indicates that it remains well positioned to deliver growth in the second half of fiscal 2026 and beyond, said Jefferies in a Thursday note.
The company reported Thursday fiscal H1 earnings of AU$0.323 per share, down from AU$0.59 a year earlier. Analysts polled by FactSet expected earnings of AU$0.32.
Jefferies said that despite sharp declines in valuation multiples across the technology sector, Origin's majority-owned Kraken Technologies is still viewed as well-positioned for continued success.
Jefferies kept a buy rating on Origin Energy and increased its price target to AU$13.03 from AU$12.87.