Beach Energy Limited (OTCMKTS:BEPTF – Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 524,600 shares, a decline of 5.4% from the September 30th total of 554,400 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is currently 374.7 days.
Beach Energy Price Performance
Shares of OTCMKTS:BEPTF opened at $0.80 on Friday. The business has a 50-day simple moving average of $0.81 and a two-hundred day simple moving average of $0.95. Beach Energy has a fifty-two week low of $0.72 and a fifty-two week high of $1.24.
Beach Energy Announces Dividend
The business also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were issued a dividend of $0.02 per share. The ex-dividend date was Thursday, August 29th. This represents a dividend yield of 1.59%. Beach Energy’s payout ratio is 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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