Why is the AGL (ASX:AGL) share price underperforming Origin lately?

Did a barrage of news from Origin bolstered its share price's performance over the last month?

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The AGL Energy Limited (ASX: AGL) share price has battled through a shocking 30 days over which it has fallen a significant 10.2%. Shares in the company are currently trading for $5.61 a piece.

The energy provider's dip came despite it maintaining its silence. In fact, the company hasn't released any price-sensitive news to the market since August.

On top of that, market watchers are likely keeping an eye on the AGL share price ahead of its planned demerger, set to go ahead later this financial year.

While AGL's stock has been suffering, that of its competitor, Origin Energy Ltd (ASX: ORG) is staying relatively flat.

Over the last 30 days, the Origin share price has gained 0.7% to reach $5.11.

Let's take a look at what's keeping the Origin share price broadly afloat while that of AGL is sinking.

A worker with a clipboard stands in front of a nuclear energy facility.

Image source: Getty Images

Origin share price outperforms that of AGL

While the embattled AGL has been quiet on the ASX over the last month, the market has heard an avalanche of news from Origin.

The announcements began when Origin's annual general meeting was held on 20 October. There, the company's CEO Frank Calabria stated that its outlook for financial year 2022 had improved.

According to Calabria, the company expects its energy markets business to post a stronger performance than was previously predicted. It came after global demand for oil and liquid natural gas (LNG) increased unexpectedly.

The following week, Origin announced it had agreed to sell a 10% stake in Australia Pacific LNG for $2.12 billion. The Origin share price gained 3.8% on the back of the news. Origin will retain a 27.5% holding in the joint venture following the sale.

Though, the party didn't last long for AGL's competitor's share price. Origin's stock's value slid 1.3% on 29 October after the company released an update on its performance through the first quarter of financial year 2022.

Foolish takeaway

While a flood of news seems to have kept the Origin share price afloat over the last 30 days, AGL's silence hasn't allowed its stock the same buoyancy.

At the time of writing, the AGL share price is 53% lower than it was at the start of 2021. It has also fallen 56% since 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.

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