Beach Energy Ltd (OTCMKTS:BEPTF)’s stock price was down 0.8% during trading on Monday . The company traded as low as $1.66 and last traded at $1.66, approximately 2,000 shares traded hands during trading. A decline of 90% from the average daily volume of 19,478 shares. The stock had previously closed at $1.67.
Several equities research analysts have weighed in on the stock. Citigroup upgraded shares of Beach Energy from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 4th. Bank of America upgraded shares of Beach Energy from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy”.
The firm’s 50 day moving average price is $1.45 and its 200-day moving average price is $1.41.
About Beach Energy (OTCMKTS:BEPTF)
Beach Energy Limited operates as an oil and gas exploration and production company. The company has operated and non-operated, onshore and offshore, oil and gas production from five producing basins across Australia and New Zealand. It has interests in approximately 450 exploration and production tenements.
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