Beach Energy Ltd. (OTCMKTS:BCHEY - Get Free Report)'s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $17.29 and traded as low as $17.18. Beach Energy shares last traded at $17.18, with a volume of 0 shares traded.
Wall Street Analysts Forecast Growth
Separately, UBS Group downgraded Beach Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce".
View Our Latest Stock Analysis on Beach Energy
Beach Energy Stock Up 4.8%
The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $17.25 and a 200 day simple moving average of $16.58.
Beach Energy Increases Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 1st will be paid a $0.7105 dividend. This represents a yield of 591.0%. This is a boost from Beach Energy's previous dividend of $0.38. The ex-dividend date of this dividend is Friday, August 29th.
About Beach Energy
(
Get Free Report)
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.
Further Reading
Before you consider Beach Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Beach Energy wasn't on the list.
While Beach Energy currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
