Beach Energy (OTCMKTS:BCHEY) Downgraded by Citigroup to “Strong Sell”

Beach Energy (OTCMKTS:BCHEY) was downgraded by stock 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 Price Performance

Shares of BCHEY opened at $15.95 on Wednesday. The firm has a fifty day simple moving average of $15.95 and a two-hundred day simple moving average of $17.66. Beach Energy has a twelve month low of $14.55 and a twelve 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.