Beach Energy Limited (OTCMKTS:BEPTF – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 524,600 shares, a drop of 5.4% from the September 30th total of 554,400 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is presently 374.7 days.
Beach Energy Price Performance
Shares of Beach Energy stock opened at $0.84 on Thursday. Beach Energy has a one year low of $0.72 and a one year high of $1.24. The business’s 50 day simple moving average is $0.82 and its two-hundred day simple moving average is $0.95.
Beach Energy Announces Dividend
The company also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were paid a $0.02 dividend. This represents a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, August 29th. 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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