Morningstar trims fair value estimate for Australia's Viva Energy
25/03/2026 18:57
** Analysts at Morningstar cut fair value estimate for Australia's Viva Energy VEA.AX by 4% to A$2.40, citing higher crude prices weighing on refined fuel demand following disruptions linked to the Strait of Hormuz ** Refiner margin futures for 2026 are stronger, about 24% above 2025 levels, but these gains are offset by weaker refined fuel demand as oil prices rise, says investment research firm ** Refining has contributed about 20% of Viva's earnings on average over four years to 2025 ** Morningstar raises 2026 earnings per share forecast for the retail convenience and fuel network operator by 4% to A$0.25, but cuts 2027 EPS forecast by 4% to A$0.27 ** Seven of 10 analysts rate the stock "buy" or higher, three "hold"; median PT is A$2.70 - data compiled by LSEG ** Stock up 16.1% YTD (Reporting by Roshan Thomas in Bengaluru) ((Roshan.Thomas@thomsonreuters.com;))
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