BUZZ-Morningstar lifts fair value estimate for Australia's Beach Energy

** 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)