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

Beach Energy (OTCMKTS:BCHEY) was downgraded by investment analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Beach Energy Price Performance

Shares of OTCMKTS BCHEY opened at $17.41 on Wednesday. Beach Energy has a 52-week low of $15.40 and a 52-week high of $17.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.84 and a quick ratio of 0.61. The business has a fifty day moving average of $15.73 and a two-hundred day moving average of $15.97.

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.