Citigroup downgraded shares of Beach Energy (OTCMKTS:BCHEY - Free Report) from a strong-buy rating to a strong sell rating in a research report released on Wednesday morning,Zacks.com reports.
Beach Energy Stock Performance
Shares of BCHEY remained flat at $15.95 during midday trading on Wednesday. The company has a 50-day simple moving average of $15.95 and a 200-day simple moving average of $17.64. Beach Energy has a 1-year low of $14.55 and a 1-year high of $23.01.
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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