Beach Energy (OTCMKTS:BCHEY) Rating Lowered to Strong Sell at Citigroup

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

Beach Energy Price Performance

BCHEY stock opened at $15.95 on Wednesday. The company’s 50-day simple moving average is $15.95 and its 200-day simple moving average is $17.66. Beach Energy has a 52-week low of $14.55 and a 52-week 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.