Citigroup Downgrades Beach Energy (OTCMKTS:BCHEY) to Strong Sell

Citigroup cut shares of Beach Energy (OTCMKTS:BCHEY) from a strong-buy rating to a strong sell rating in a research report report published on Wednesday morning,Zacks.com reports.

Beach Energy Price Performance

Shares of Beach Energy stock opened at $15.95 on Wednesday. The company’s 50-day moving average price is $15.95 and its 200-day moving average price is $17.66. Beach Energy has a 12-month low of $14.55 and a 12-month high of $23.01.

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.