Beach Energy (OTCMKTS:BCHEY) Cut to “Hold” at UBS Group

UBS Group lowered shares of Beach Energy (OTCMKTS:BCHEY) from a strong-buy rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Beach Energy Stock Performance

OTCMKTS:BCHEY opened at $17.41 on Wednesday. Beach Energy has a 12-month low of $15.40 and a 12-month high of $17.41. 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 business has a 50 day simple moving average of $15.77 and a 200 day simple moving average of $15.98.

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.