Thanks for sharing this birdman.As positive as this sounds it is...

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barneyw

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18/03/24

11:12

Post #: 72937005
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Originally posted by birdman29: ↑

Just got this in an email ...Mon, 18 Mar at 9:28 am

Monday, 18 March 2024

BPT - BEACH ENERGY LIMITED
Macquarie rates BPT as Outperform (1) - After Macquarie raises oil price forecasts by -4-5%, and incorporates lower spot LNG futures pricing for 2024/25, the broker suggests equities remain cheap, particularly relative to the rising market valuation multiple.
The broker's oil price estimates for 2024 and 2025 are US$80.34/bbl and US$68.75/bbl, respectively, on moderate surpluses in the 1H of 2024, followed by larger oversupply in the 2H.
Macquarie still anticipates superior near-term earnings growth for Beach Energy despite around -12% EPS downgrades to the company's forecast in FY25 on lower spot LNG prices. The Outperform rating and $1.95 target are maintained.
Target price is $1.95 Current Price is $1.70 Difference: $0.25 If BPT meets the Macquarie target it will return approximately 15% (excluding dividends, fees and charges). Current consensus price target is $1.93, suggesting upside of 13.8%(ex-dividends)The company's fiscal year ends in June.
Forecast for FY24:
Macquarie forecasts a full year FY24 dividend of 4.00 cents and EPS of 15.70 cents . At the last closing share price the estimated dividend yield is 2.35%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.83. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.9, implying annual growth of -15.2%. Current consensus DPS estimate is 3.6, implying a prospective dividend yield of 2.1%. Current consensus EPS estimate suggests the PER is 11.4.
Forecast for FY25:
Macquarie forecasts a full year FY25 dividend of 9.00 cents and EPS of 23.50 cents . At the last closing share price the estimated dividend yield is 5.29%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.23. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 24.4, implying annual growth of 63.8%. Current consensus DPS estimate is 6.9, implying a prospective dividend yield of 4.1%. Current consensus EPS estimate suggests the PER is 7.0.
Market Sentiment: 0.6All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

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Thanks for sharing this birdman.

As positive as this sounds it is only a snapshot, as I'm sure you would already appreciate, and it doesn't take into account company actions or inactions and is based on a bunch of assumptions which may or may not come to fruition.

I just hope that the new CEO (SGH) puts BPT back on a path that sees sustainable growth and that all the projects we have start coming online without further delay which will bring stability back to the company.

What has happened to BPT over the past two years has been a huge distraction and while things are going well making money is easy but, the true sign of a great company is how they manage and recover when things go wrong.

Cheers
BW

Last edited by barneyw: 18/03/24

BPT Price at posting: $1.69 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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