Morningstar cuts fair value estimate for Australia's Viva Energy; stock up
25/03/2026 23:47
Updates ** Viva Energy VEA.AX rises as much as 1.3% to A$2.41 ** Morningstar cuts fair value estimate by 4% to A$2.40, citing higher crude prices that's weighing on refined fuel demand following Strait of Hormuz disruptions ** Says 2026 refiner margin futures stronger - ~24% above 2025 levels - but gains offset by weaker refined fuel demand as prices rise ** Refining accounted for ~20% of Viva's earnings on avg over four years to 2025 ** Morningstar raises 2026 earnings/share forecast by 4% to A$0.25; cuts 2027 EPS forecast by 4% to A$0.27 ** YTD, VEA up 17.1% (Reporting by Roshan Thomas in Bengaluru) ((Roshan.Thomas@thomsonreuters.com;))
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