Beach Energy traded at 1.11 this Thursday February 12th, decreasing 0.02 or 1.59 percent since the previous trading session. Looking back, over the last four weeks, Beach Energy lost 2.88 percent. Over the last 12 months, its price fell by 23.57 percent. Looking ahead, we forecast Beach Energy to be priced at 1.12 by the end of this quarter and at 1.06 in one year, according to Trading Economics global macro models projections and analysts expectations.
Beach Energy Limited (Beach) is an Australia-based oil and gas exploration and production company. The Company’s asset portfolio includes ownership interests in strategic oil and gas infrastructure, including the Moomba processing facility, Otway Gas Plant and BassGas, a portfolio of oil and gas assets across Australia and New Zealand including the Waitsia Gas Project and Beharra Springs in the Perth Basin. In addition to its producing assets, it has a suite of exploration permits across the onshore Cooper and Perth basins, onshore and offshore Otway Basin as well as offshore acreage in the Bonaparte, Australia and Taranaki, New Zealand basins. The Company operates through three geographical segments: South Australian and Western Australian (SAWA), Victorian and New Zealand. Beach operates primarily in one business, namely the exploration, development and production of hydrocarbons.production of hydrocarbons.