** 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;))
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