Beach Energy (OTCMKTS:BEPTF) Stock Price Up 1.9% – Still a Buy?

Beach Energy Limited (OTCMKTS:BEPTFGet Free Report)’s stock price traded up 1.9% during mid-day trading on Friday . The company traded as high as $0.77 and last traded at $0.77. 100 shares changed hands during trading, a decline of 94% from the average session volume of 1,656 shares. The stock had previously closed at $0.75.

Beach Energy Stock Performance

The company’s 50-day moving average price is $0.81 and its 200-day moving average price is $0.82.

Beach Energy Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were paid a $0.06 dividend. The ex-dividend date was Thursday, August 28th. This is an increase from Beach Energy’s previous dividend of $0.03. This represents a dividend yield of 678.0%. Beach Energy’s payout ratio is 38.51%.

Beach Energy Company Profile

(Get Free Report)

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.

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