Beach Energy (OTCMKTS:BCHEY) Shares Up 0.8% – Here’s Why

Beach Energy Limited (OTCMKTS:BCHEY) shares shot up 0.8% during trading on Tuesday . The company traded as high as $15.95 and last traded at $15.95. 157 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 707 shares. The stock had previously closed at $15.83.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Beach Energy to a “strong-buy” rating in a research report on Sunday, June 23rd.

Beach Energy Stock Performance

The company’s 50-day simple moving average is $19.03 and its 200-day simple moving average is $20.65.

Beach Energy Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, August 30th will be issued a $0.2138 dividend. The ex-dividend date is Friday, August 30th.

Beach Energy Company Profile

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.