Why the Origin Energy (ASX:ORG) share price is climbing on Tuesday

The Origin Energy share price has seemingly been caught up in the energy sector's brilliant day.

| More on:
high, climbing, record high

Image Source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Origin Energy Ltd (ASX: ORG) share price is in the green despite no news having been released by the company.

However, the S&P/ASX 200 Energy Index (ASX: XEJ) is leading the market today, having gained a whopping 3.84%.

The energy sector's gains are particularly impressive given the S&P/ASX 200 Index (ASX: XJO) is currently 0.24% lower than its previous close, having fallen 16.4 points today.

At the time of writing, the Origin Energy share price is $4.55, 2.48% higher than its previous close.

Let's take a closer look at what might be sending the energy producer and retailer's share price higher on Tuesday.

Origin Energy's having a great day on the ASX

The Origin Energy share price is taking off today, as are those of nearly all participants of the ASX 200 energy sector.

Right now, the index is being led by the Beach Energy Ltd (ASX: BPT) share price, which has gained 6.7% today.

The share prices of Woodside Petroleum Limited (ASX: WPL), Oil Search Ltd (ASX: OSH), and Santos Ltd (ASX: STO) are all gaining too. They're up 5.9%, 4.5%, and 4% respectively.

The Origin Energy share price's 2.4% gain sees it comfortably positioned as the sector's fifth-best performer on Tuesday.

The ASX 200 energy sector's sea of green might be being driven by another sea of green – that of energy commodities.

Right now, the price of West Texas Intermediate oil is up 0.6%. At the same time, that of Brent Crude oil is up 0.5%.

The price of natural gas is also boosting higher today, having gained 0.3% at the time of writing.

Origin Energy share price snapshot

Today's gains haven't quite been enough to drag Origin Energy's stock out of its slump.

Right now, the company's share price is 5% lower than it was at the start of 2021. It is also 3% lower than it was this time last year.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Energy Shares

a man in a business suit looks at a map of the world above a line up of oil barrels with a red arrow heading upwards above them, indicting rising oil prices.
Energy Shares

Why a US$100 oil price is on the horizon: IMF

A higher oil price could be on the horizon following this IMF prediction and Israel’s reported strike on Iran.

Read more »

A miner in visibility gear and hard hat looks seriously at an iPad device in a field where oil mining equipment is visible in the background.
Energy Shares

Why is this ASX 200 energy stock crashing 8% today?

Why are investors hitting the sell button on Friday?

Read more »

sad looking petroleum worker standing next to oil drill
Energy Shares

Woodside share price tumbles on 12% quarterly revenue decline

ASX 200 investors are bidding down the Woodside share price today.

Read more »

Worker inspecting oil and gas pipeline.
Opinions

Here's where I see the Woodside share price ending 2024

I think the Woodside share price is poised for a 2024 rebound.

Read more »

A male oil and gas mechanic wearing a white hardhat walks along a steel platform above a series of gas pipes in a gas plant
Energy Shares

Here's how the Santos share price is responding to today's production results

Santos reported its quarterly production and revenue results today.

Read more »

A man casually dressed looks to the side in a pensive, thoughtful manner with one hand under his chin, holding a mobile phone in his hand while thinking about something.
Energy Shares

Should you buy the 10% dip on this ASX 300 uranium stock?

Could big returns be on the cards for buyers of this stock? Let's see what analysts are saying.

Read more »

A female coal miner wearing a white hardhat and orange high-vis vest holds a lump of coal and smiles as the Whitehaven Coal share price rises today
Broker Notes

1 ASX 200 energy stock with 'minimal competition' to buy right now

This stock is trading 30% lower than its 2022 record high.

Read more »

A miner in visibility gear and hard hat looks seriously at an iPad device in a field where oil mining equipment is visible in the background.
Energy Shares

Oil price spikes on Iran's attack. Now what?

The oil price remains near six-month highs as the world awaits Israel’s response to Iran’s drone and rocket attack.

Read more »