Morningstar lifts fair value estimate for Australia's Beach Energy

Beach Energy

28/01/2025 03:28

** Morningstar has increased its Fair Value estimate for oil
and gas producer Beach Energy  BPT.AX  by 6% to A$2.55 
    ** The investment research firm attributes the hike to
higher outlook for commodity prices
    ** Morningstar has also increased its FY25 earnings per
share estimate by 9% to reflect two LNG cargoes being sold for
A$139 million ($86.99 million)
    ** Stock is up 0.33% at A$1.51
    ** 7 of 16 analysts rate the stock "Buy", 4 "Hold" and 5
"Sell" or lower; their median PT is A$1.53 – LSEG data
    ** Stock has fallen 12.8% in 2024


($1 = 1.5980 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com;))