Beach Energy (OTCMKTS:BCHEY - Get Free Report) was downgraded by analysts at UBS Group from a "strong-buy" rating to a "hold" rating in a report released on Wednesday,Zacks.com reports.
Beach Energy Stock Performance
Beach Energy stock remained flat at $17.41 during mid-day trading on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $15.81 and a 200-day moving average of $15.99. Beach Energy has a fifty-two week low of $15.40 and a fifty-two week high of $17.41.
About Beach Energy
(
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Beach Energy Limited operates as an oil and gas exploration and production company. It engages in the operated and non-operated, onshore and offshore, and oil and gas production in five producing basins across Australia and New Zealand. The company also explores, develops, produces, and transports hydrocarbons; and sells gas and liquid hydrocarbons.
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