Beach Energy Limited (OTCMKTS:BCHEY) to Issue Dividend of $0.38

Beach Energy Limited (OTCMKTS:BCHEY) declared a dividend on Monday, February 10th, NASDAQ Dividends reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.3769 per share on Tuesday, April 15th. The ex-dividend date is Friday, February 28th. This is a boost from Beach Energy’s previous dividend of $0.21.

Beach Energy Stock Performance

Shares of Beach Energy stock opened at $15.95 on Wednesday. The firm’s 50-day moving average is $15.95 and its 200 day moving average is $16.57. Beach Energy has a 1 year low of $14.55 and a 1 year high of $23.01. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

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

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.