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    BPT   AU000000BPT9

BEACH ENERGY LIMITED

(BPT)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 07/27
1.25 AUD   +0.81%
07/19Australian shares fall after Wall Street sell-off; Oil Search jumps
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07/121414 DEGREES : Names Beach Energy Executive as CEO; Shares Fall 7%
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07/111414 DEGREES : Names New CEO
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Australia shares rise most in nearly 4 months on energy, mining stocks

06/22/2021 | 03:06am EDT

* ASX 200 posts biggest one-day gain since March 1

* Energy stocks top gainers on ASX 200

* COVID-19 cases in NSW weigh on sentiment

June 22 (Reuters) - Australian shares jumped the most since March on Tuesday, rebounding from the previous session's drop as an overnight rally on Wall Street spurred investors to pile into domestic energy and mining stocks.

The benchmark ASX 200 index ended 1.5% higher at 7,342.2 points, recouping much of Monday's 1.8% drop.

"It is a bounce back ... predominantly the big factor being a swing in Wall Street that is dragging the buyers back in," said Henry Jennings, a senior analyst at Marcustoday Financial Newsletter.

U.S. stocks ended sharply higher overnight as investors loaded up on energy and other sectors expected to outperform as the economy recovers from the COVID-19 pandemic.

But the Australian market's gains were capped by concerns around COVID-19 cases in the country's most populous state of New South Wales (NSW), Jennings said.

NSW earlier in the day extended its mask mandate for a week in Sydney after reporting its biggest spike in locally acquired coronavirus cases in almost a week.

The domestic energy index surged 2.2% as oil prices also advanced. Engineering solutions firm Worley Ltd rose 6.1%, while Santos Ltd added 3.2%.

Benchmark heavyweight miners gained 2.1%, with Rio Tinto firming 1.6% and the world's largest miner, BHP Group, advancing 2.4%.

Investment firm Washington H. Soul Pattinson and Co added nearly 1% after saying it would buy smaller rival Milton Corp for A$4.05 billion ($3.05 billion).

Milton's shares surged 16% to a record high.

In New Zealand, the S&P/NZX 50 rose 0.3% to 12,534.80 points, with retirement home operator Arvida Group Ltd leading the gains on the bourse with a 4.1% rise.

A survey showed the country's consumer confidence rose in the second quarter with robust economic conditions expected to continue this year.

($1 = 1.3300 Australian dollars) (Reporting by Yamini C S in Bengaluru; Editing by Aditya Soni)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ARVIDA GROUP LIMITED -0.48% 2.08 End-of-day quote.16.20%
BEACH ENERGY LIMITED 0.81% 1.25 End-of-day quote.-30.75%
BHP GROUP 2.79% 53.36 End-of-day quote.25.76%
WASHINGTON H. SOUL PATTINSON AND COMPANY LIMITED 0.03% 33.25 End-of-day quote.10.50%
WORLEY LIMITED 3.89% 11.47 End-of-day quote.-0.17%
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Financials
Sales 2021 1 538 M 1 132 M 1 132 M
Net income 2021 329 M 242 M 242 M
Net Debt 2021 38,2 M 28,1 M 28,1 M
P/E ratio 2021 8,68x
Yield 2021 1,70%
Capitalization 2 849 M 2 103 M 2 096 M
EV / Sales 2021 1,88x
EV / Sales 2022 1,87x
Nbr of Employees 483
Free-Float 68,6%
Chart BEACH ENERGY LIMITED
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Technical analysis trends BEACH ENERGY LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 1,25 AUD
Average target price 1,67 AUD
Spread / Average Target 33,9%
EPS Revisions
Managers and Directors
Matthew Vincent Kay Chief Executive Officer, MD & Executive Director
MornÚ Engelbrecht Chief Financial Officer
Glenn Stuart Davis Independent Non-Executive Chairman
Ian Grant Chief Operating Officer
Colin David Beckett Independent Non-Executive Deputy Chairman
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