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 has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today
Energy Shares

This ASX 200 mining stock just reported a 40% earnings jump

Investors appear pleased with this miner's performance during the first quarter.

Read more »

A man sits in deep thought with a pen held to his lips as he ponders his computer screen with a laptop open next to him on his desk in a home office environment.
Energy Shares

Are beaten down Paladin Energy shares a bargain buy?

Bell Potter thinks this beaten down uranium stock could be worth picking up.

Read more »

Worker inspecting oil and gas pipeline.
Energy Shares

3 headwinds facing ASX 200 energy stocks in 2025

After a tough 12 months, what’s ahead for ASX 200 energy stocks in 2025?

Read more »

Man holding Australian dollar notes, symbolising dividends.
Energy Shares

Dividend investors: Top ASX energy shares for November

These are the energy stocks I would buy for dividend income.

Read more »

Smiling attractive caucasian supervisor in grey suit and with white helmet on head holding tablet while standing in power plant.
Energy Shares

Why is the Woodside share price outperforming today?

Woodside shares are marching higher today. Let’s find out why.

Read more »

A corporate executive in a suit and wearing boxing gloves slumps in the corner of the ring representing the battered Zip share price and consideration reportedly being given to dumping the company's UK operations
Energy Shares

Down 55% in 6 months, why I think Paladin Energy shares are now a bargain buy

I think ASX 200 investors have overreacted in selling down this ASX 200 uranium stock.

Read more »

A happy construction worker or miner holds a fistfull of Australian money, indicating a dividends windfall
Energy Shares

Is Woodside stock a buy for its 8% dividend yield?

Woodside's dividends look fat, but proceed with caution...

Read more »

A man sits wide-eyed at a desk with a laptop open and holds one hand to his forehead with an extremely worried look on his face as he reads news of the Bitcoin price falling today on his mobile phone
Share Fallers

ASX 200 uranium stock alert: Paladin Energy shares just crashed 29%!

Paladin Energy shares are under intense selling pressure on Tuesday.

Read more »