Beach Energy (OTCMKTS:BCHEY) Upgraded to “Strong-Buy” by UBS Group

Beach Energy (OTCMKTS:BCHEY) was upgraded by equities researchers at UBS Group to a “strong-buy” rating in a report released on Sunday, Zacks.com reports.

Beach Energy Stock Performance

OTCMKTS BCHEY opened at $21.40 on Friday. The company has a 50-day simple moving average of $21.09 and a two-hundred day simple moving average of $20.53. Beach Energy has a 12-month low of $20.67 and a 12-month high of $23.01.

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.