Morningstar raises fair value estimate for Australia's Beach Energy

Beach Energy

25/03/2026 18:45

** Analysts at Morningstar raise fair value estimate for Australian energy firm Beach Energy BPT.AX by 4% to A$2.70

** Upgrades fair value estimate due to higher near-term oil and liquefied natural gas prices amid Middle East conflict

** Investment research firm raises 2026 earnings per share forecast by 17% to $0.14; lifts 2027 EPS by 29% to $0.22

** Expects margin improvement from company's Waitsia Stage 2 expansion on increased scale, robust LNG pricing and removal of need for third-party gas purchases once plant is in production

** Seven of 13 analysts rate the stock "buy" or higher, six "hold"; median PT is A$1.15 - data compiled by LSEG

** Stock up 6.4% this year, as of last close

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))