Beach Energy (OTCMKTS:BCHEY) Stock Crosses Above 50-Day Moving Average – What’s Next?

Beach Energy Limited (OTCMKTS:BCHEY) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 traded.

Wall Street Analyst Weigh In

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

Beach Energy Stock Up 2.4 %

The firm’s fifty day simple moving average is $15.95 and its 200 day simple moving average is $16.46. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 0.01.

Beach Energy Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, February 28th will be issued a $0.3769 dividend. This is a boost from Beach Energy’s previous dividend of $0.21. The ex-dividend date of this dividend is Friday, February 28th.

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.