Beach Energy (OTCMKTS:BCHEY) Trading 0.8% Higher – Still a Buy?

Beach Energy Limited (OTCMKTS:BCHEY)’s share price traded up 0.8% during trading on Friday . The company traded as high as $15.53 and last traded at $15.53. 450 shares changed hands during trading, an increase of 20% from the average session volume of 375 shares. The stock had previously closed at $15.40.

Analyst Upgrades and Downgrades

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

Beach Energy Trading Up 0.8 %

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 simple moving average of $15.94 and a two-hundred day simple moving average of $15.95.

Beach Energy Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, February 28th were 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 was Friday, February 28th.

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.