Beach Energy (OTCMKTS:BEPTF) Upgraded by JPMorgan Chase & Co. to Overweight

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JPMorgan Chase & Co. upgraded shares of Beach Energy (OTCMKTS:BEPTF) from a neutral rating to an overweight rating in a report released on Friday morning, The Fly reports.

Shares of OTCMKTS:BEPTF opened at $1.59 on Friday. Beach Energy has a 52-week low of $0.91 and a 52-week high of $1.85. The business has a 50-day moving average price of $1.61 and a 200-day moving average price of $1.49.

Beach Energy Company Profile

Beach Energy Limited operates as an oil and gas exploration and production company. The company has operated and non-operated, onshore and offshore, oil and gas production from five producing basins across Australia and New Zealand. It has interests in approximately 450 exploration and production tenements.

Further Reading: Net Margin – Understanding the Different Kinds of Profit

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