Beach Energy Ltd. (OTCMKTS:BCHEY - Get Free Report) shares passed 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.
Wall Street Analysts Forecast Growth
Separately, UBS Group cut Beach Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce".
Check Out Our Latest Report on Beach Energy
Beach Energy Stock Performance
The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.50 and a current ratio of 0.70. The company has a 50 day simple moving average of $17.29 and a two-hundred day simple moving average of $16.56.
Beach Energy Increases Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 1st will be paid a dividend of $0.7105 per share. This is a boost from Beach Energy's previous dividend of $0.38. The ex-dividend date of this dividend is Friday, August 29th. This represents a yield of 591.0%.
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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