Shares of Beach Energy Limited (OTCMKTS:BCHEY - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $15.95 and traded as high as $15.95. Beach Energy shares last traded at $15.95, with a volume of 0 shares.
Analysts Set New Price Targets
Separately, Citigroup lowered shares of Beach Energy from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, January 15th.
Check Out Our Latest Stock Analysis on BCHEY
Beach Energy Stock Performance
The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.61 and a current ratio of 0.84. The company has a 50 day moving average price of $15.95 and a 200-day moving average price of $16.38.
Beach Energy Increases Dividend
The firm also recently announced a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, February 28th will be given a dividend of $0.3769 per share. This is a positive change from Beach Energy's previous dividend of $0.21. The ex-dividend date is Friday, February 28th.
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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