Stock Track | Beach Energy Soars 5.35% Intraday on Expected Earnings Upgrades and Iran Conflict Uncertainty
Stock Track
Apr 13
Beach Energy Ltd's stock surged 5.35% during intraday trading on Monday, marking a significant upward movement.
The rally follows a Morgan Stanley analysis indicating that consensus earnings per share forecasts for Australian oil and natural gas producers, including Beach Energy, are expected to rise following upcoming quarterly updates. The firm cites uncertainty caused by the Iran conflict creating an 'air pocket' in physical supply chains that supports these stocks. Morgan Stanley sees potential 2026 EPS upgrades of 30-45% for the sector and views any potential additional gas windfall tax burden as manageable.
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