Report
EUR 13.71 For Business Accounts Only

Increased risk weighs on BEACH ENERGY LIMITED, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of BEACH ENERGY LIMITED (AU), active in the Exploration & Production industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date February 14, 2020, the closing price was AUD 2.11 and its target price was estimated at AUD 2.00.
Underlying
Beach Energy

Beach Energy is engaged in oil and gas exploration, development and production and investment in the resources industry. Co.'s operating segments include Cooper Basin, which includes oil and gas sales from Australian production; Other Australia, which includes Co.'s interest in all on-shore and off-shore production and exploration tenements within Australia other than the Cooper Basin; and International interests, which includes Co.'s interests in all areas outside Australia and oil and gas sales from Egyptian production. As of June 30 2016, Co. had total proved and probable reserve estimate of 69.8 million barrels of oil equivalent.

Provider
TheScreener
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