Beach Energy Ltd. (OTCMKTS:BCHEY - Get Free Report) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $17.20 and traded as low as $16.39. Beach Energy shares last traded at $16.39, with a volume of 0 shares.
Wall Street Analysts Forecast Growth
Separately, UBS Group downgraded shares of Beach Energy from a "strong-buy" rating to a "hold" rating in a report 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 stock. According to MarketBeat.com, the company has a consensus rating of "Reduce".
View Our Latest Report on BCHEY
Beach Energy Trading Down 4.5%
The company has a current ratio of 0.70, a quick ratio of 0.50 and a debt-to-equity ratio of 0.01. The firm's 50-day moving average price is $17.16 and its 200-day moving average price is $16.61.
Beach Energy Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 1st will be given a $0.7105 dividend. This is a boost from Beach Energy's previous dividend of $0.38. This represents a yield of 591.0%. The ex-dividend date is Friday, August 29th.
Beach Energy Company Profile
(
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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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