Goldman Sachs Group Upgrades Beach Energy (BEPTF) to “Buy”

Beach Energy (OTCMKTS:BEPTF) was upgraded by equities researchers at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upgraded shares of Beach Energy from an “underweight” rating to a “neutral” rating in a report on Monday, July 2nd. Canaccord Genuity upgraded shares of Beach Energy from a “sell” rating to a “hold” rating in a report on Monday.

OTCMKTS:BEPTF opened at $1.25 on Monday. Beach Energy has a 12 month low of $0.74 and a 12 month high of $1.56.

About Beach Energy

Beach Energy Limited operates as an oil and gas exploration and production company. The company has operated and non-operated, onshore and offshore, oil and gas production from five producing basins across Australia and New Zealand. It has interests in approximately 450 exploration and production tenements.

Further Reading: What is a Leveraged Buyout (LBO)?

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