Shares of Australia's Beach Energy rise after Morningstar raises fair value estimate

Beach Energy

25/03/2026 23:47

Updates with share moves

** Shares of Australian energy firm Beach Energy BPT.AX rise as much as 2.4% at A$1.280

** 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 8.5% this year, including session moves

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))