Citigroup Downgrades Beach Energy (OTCMKTS:BCHEY) to Strong Sell

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

Beach Energy Stock Performance

Shares of OTCMKTS:BCHEY opened at $15.95 on Wednesday. Beach Energy has a 1 year low of $14.55 and a 1 year high of $23.01. The business has a fifty day moving average price of $15.95 and a two-hundred day moving average price of $17.66.

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.