Beach Energy (OTCMKTS:BCHEY) Reaches New 52-Week Low – Here’s What Happened

Beach Energy Limited (OTCMKTS:BCHEY) shares reached a new 52-week low on Monday . The company traded as low as $15.40 and last traded at $15.40, with a volume of 304 shares traded. The stock had previously closed at $16.65.

Analyst Ratings Changes

Separately, Citigroup cut shares of Beach Energy from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, January 15th.

Beach Energy Trading Down 7.5 %

The stock’s 50-day simple moving average is $16.22 and its 200-day simple moving average is $16.04. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 0.01.

Beach Energy Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, February 28th will be given a dividend of $0.3769 per share. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Beach Energy’s previous dividend of $0.21.

About Beach Energy

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.