The Origin (ASX:ORG) share price has hit 6 52-week highs in 2022. Here’s why

Here’s what’s been boosting Origin’s stock lately.

| More on:
Female oil rig worker wearing high vis vest, red gloves and hardhat smiles at camera with a green painted oil rig in the background

Image source: Getty Images

Key points

  • The Origin share price has surpassed its 52-week high 6 times in the last fortnight
  • Its also gained 10% since the final close of 2021
  • However, its underperforming against many of its energy sector peers

The Origin Energy Ltd (ASX: ORG) share price has been on top of its game so far this year, having already gained 10% since the final close of 2021.

The boost has also seen the company’s stock hitting a new 52-week high 6 times. Its latest 12-month record was broken during yesterday’s session.

As of Wednesday’s close, the Origin share price is $5.78.

Let’s take a look at what might be moving the energy producer’s stock in the new year.

What’s boosting the Origin share price in 2022?

2022 is shaping up to be a good year for the Origin share price. That’s despite no news having been released by the company.

In fact, the last time the market received a price-sensitive announcement from the S&P/ASX 200 Index (ASX: XJO) energy provider was on 20 December. Then, it announced its $42 million acquisition of WINconnect.

Still, having started the year with a 52-week high of $5.48, the Origin share price’s 12-month high point has now been pushed to $5.84 – yesterday’s intraday high.

It was also boosted on Monday and 4 times last week.

Origin isn’t the only ASX 200 energy company performing well in 2022. In fact, year to date, much of the S&P/ASX 200 Energy Index (ASX: XEJ) is outperforming its stock.

The Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) share prices are leading the index. They’ve respectively gained 17% and 15% since the end of 2021.

Those of Santos Ltd (ASX: STO), Worley Ltd (ASX: WOR), and Whitehaven Coal Ltd (ASX: WHC) are also out in front of the energy provider’s stock.

For context, the ASX 200 has slipped 1.5% since the final close of last year.

The energy sector’s gains have likely been helped along by surging oil prices and rising coal prices amid an Indonesian export ban.

Should you invest $1,000 in Origin right now?

Before you consider Origin, you'll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Origin wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

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 barrel of oil suspended in the air is pouring oil while a man in a suit stands with a droopy head watching the oil drop out.
Energy Shares

What’s dragging on ASX 200 energy shares like Santos today?

Let's find out.

Read more »

an oil refinery worker checks her laptop computer in front of a backdrop of oil refinery infrastructure. The woman has a serious look on her face.
Energy Shares

ASX 200 energy shares in focus amid frightening global supply crisis

A dearth of new fossil fuel projects in recent years has opened the door to today's global energy crisis.

Read more »

Man looks shocked as he works on laptop on top a skyscraper with stockmarket figures in graphic behind him.
Energy Shares

Why have AGL shares been getting so much love on Tuesday?

Rumours Cannon-Brookes is behind a nearly $300 million trade today are swirling.

Read more »

Oil worker drilling on the oil field
Energy Shares

The Santos share price lifts amid joint venture news

Let's take a closer look.

Read more »

An oil refinery worker stands in front of an oil rig with his arms crossed and a smile on his face as the Woodside share price climbs today
Energy Shares

Woodside share price rises after merger clears final regulatory hurdle

It's a good day for ASX 200 energy shares and Woodside is making the most of it.

Read more »

Close up of a miner wearing a hard hat with a solemn look on his face, with an oil drill in the background.
Energy Shares

Woodside share price lifts despite Twiggy’s latest ‘greenwashing’ accusations

What's impacting the Woodside share price today?

Read more »

Workers inspecting a gas pipeline.
Energy Shares

AGL share price bounces back amid latest demerger opposition

Here's the latest criticism of AGL's planned demerger.

Read more »

Coal-fired power station generic.
Energy Shares

How dependant on coal closure is the AGL share price?

Climate activists disagree with AGL's decision to hold onto coal, saying its depleting shareholder value.

Read more »