|Day's Range||47.33 - 48.26|
|52 Week Range||46.09 - 69.00|
|PE Ratio (TTM)||-22.30|
|Dividend & Yield||1.00 (2.08%)|
|1y Target Est||N/A|
MELBOURNE/SINGAPORE, May 26 (Reuters) - Australia's top energy retailer Origin has drawn interest from at least five potential bidders, including China's Fosun International , for A$2.0 billion ($1.5 billion) worth of oil and gas assets it aims to spin off, sources said. Origin said in December it was going to put its smaller Australian and New Zealand gas fields in a unit, dubbed Lattice Energy, to be spun off in an initial public offering (IPO) this year to help it cut debt and boost returns.
U.S. oil services companies have been doing a lot more work as recovering oil prices have lifted the shale industry from a two-year slump, but producers have been pocketing much of the new cash generated by rising output and squeezing service providers to keep costs down. Oil service companies that provide the crews, labor and technology used to drill, construct and operate wells are lagging the recovery in U.S. shale producers. Law firm Haynes and Boone LLP said the U.S. oilfield sector experienced 127 bankruptcies between 2015 and April 2017.