BPT 0.00% $1.32 beach energy limited

Morningstar views BPT as undervalued* BPT on Tuesday posted an...

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    • Morningstar views BPT as undervalued
    • * BPT on Tuesday posted an 8% sequential drop in its quarterly production
    • * Canaccord Genuity hikes capex outlook for Waitsia Stage 2 to A$880 mln ($620.75 mln) from A$770mn, expects delay in first production to 1H CY24
    • * Citi expects FY23 production at 19.8 million barrels of oil equivalent (mmboe); Canaccord Genuity sees it at 22.1 mmboe compared with BPT's estimates of between 20.0-22.5 mmboe
    • * Both Citi and Canaccord Genuity lower their FY23 NPAT forecast by 26% and 53.7% to A$495 mln and A$509.7 mln, respectively
    • * Citi is sceptical if BPT's offshore prospects are commercial at A$12 per gigajoule price cap
    • * 12 of 17 analysts rate the stock "buy" or higher, four "hold" and one "sell" or lower; their median PT is A$1.95 –
    • copy and paste
    Last edited by elchagie: 01/02/23
 
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Last
$1.32
Change
0.000(0.00%)
Mkt cap ! $2.999B
Open High Low Value Volume
$1.32 $1.32 $1.30 $7.791M 5.946M

Buyers (Bids)

No. Vol. Price($)
6 21143 $1.31
 

Sellers (Offers)

Price($) Vol. No.
$1.32 21590 3
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