** 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;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.