Beach Energy Limited (OTCMKTS:BEPTF – Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 524,600 shares, a decrease of 5.4% from the September 30th total of 554,400 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is currently 374.7 days.
Beach Energy Price Performance
BEPTF opened at $0.80 on Friday. The company’s 50 day moving average is $0.81 and its 200 day moving average is $0.95. Beach Energy has a 12-month low of $0.72 and a 12-month high of $1.24.
Beach Energy Announces Dividend
The firm also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a dividend of $0.02 per share. This represents a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, August 29th. Beach Energy’s dividend payout ratio is presently 38.51%.
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.
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