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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.
