Ord Minnett 16-8-21
A first glance at Beach Energy's full-year results, shows underlying earnings of $953m were -14% below the previous year's result but above the company's provided guidance range.
Ord Minnett highlights Beach Energy is guiding to a -10-18% production decrease and a subsequent production cost increase, partly driven by increased interest in the higher cost BassGas project.
The broker predicts significant forthcoming downgrades to consensus estimates for FY22, and possibly through to FY23.
The Buy rating and $1.75 target price are retained.
This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.
stock price target $1.97, page-315
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Last
$1.50 |
Change
0.030(2.04%) |
Mkt cap ! $3.422B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.50 | $1.45 | $33.59M | 22.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 179556 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 187151 | 4 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BPT (ASX) Chart |