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    BPT   AU000000BPT9

BEACH ENERGY LIMITED

(BPT)
  Report
Delayed Australian Stock Exchange  -  05/20 02:10:07 am EDT
1.610 AUD   -2.72%
05/20Beach Energy Finds New Prospective Oil, Gas Block
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05/19Beach to Seek M&A
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05/19Beach Energy Transitions Acting CEO to Permanent Role
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Energy stocks boost Australian shares, miners cap gains

01/17/2022 | 12:45am EDT

Jan 17 (Reuters) - Australian shares ended higher on Monday, boosted by energy stocks after oil prices rallied, although the gains were capped by weak mining stocks as top metals consumer China logged its slowest pace of economic growth in one-and-a-half years.

The S&P/ASX 200 settled 0.32% higher at 7,417.30. It closed 1.1% lower on Friday.

Energy stocks were the top boost to the benchmark index, climbing 1.4%, as crude prices rose amid tight supply and worries of a Russian attack on Ukraine.

Oil and gas explorers Woodside Petroleum, Beach Energy, and Santos jumped between 1.3% and 4.3%.

Miners dropped 1.2% as China's gross domestic product data signalled cooling growth momentum and weak consumption in the property and retail sectors.

China is Australia's biggest trading partner.

Bets that the U.S. Federal Reserve will hike interest rates several times this year also weighed on metal prices, leading Fortescue Metals, Rio Tinto and BHP down between 0.6% to 2.8%.

Trading volumes were thin on account of a U.S. market holiday, with investors awaiting quarterly production reports from top miners and oil majors this week.

"The bigger question would be how the cost is running... it is hard to get staff and there are COVID-19 and weather restrictions, so miners might take a hit," said Mathan Somasundaram, CEO of Deep Data Analytics.

Retail conglomerate Wesfarmers rose 2.9%, despite warning of a lower first-half profit due to coronavirus-induced restrictions.

Somasundaram attributed the gain to the market's confidence in the quality of Wesfarmers' business model despite the prospect of lower earnings.

Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 gained 0.13% to finish at 12,806.90 (Reporting by Upasana Singh in Bengaluru; editing by Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BEACH ENERGY LIMITED -2.72% 1.61 Delayed Quote.27.78%
BHP GROUP LIMITED 2.05% 47.18 Delayed Quote.13.69%
FORTESCUE METALS GROUP LIMITED 3.87% 20.15 Delayed Quote.4.89%
LONDON BRENT OIL 0.94% 112.54 Delayed Quote.42.93%
ON SEMICONDUCTOR CORPORATION 0.70% 56.46 Delayed Quote.-16.87%
RIO TINTO PLC 1.91% 5449 Delayed Quote.11.39%
S&P/ASX 200 1.15% 7145.6 Real-time Quote.-4.02%
SANTOS LIMITED -1.58% 8.08 Delayed Quote.28.05%
WESFARMERS LIMITED 1.87% 46.75 Delayed Quote.-21.16%
WOODSIDE PETROLEUM LTD -3.75% 28.77 Delayed Quote.31.19%
WTI 1.22% 110.515 Delayed Quote.44.84%
All news about BEACH ENERGY LIMITED
05/20Beach Energy Finds New Prospective Oil, Gas Block
MT
05/19Beach to Seek M&A
CI
05/19Beach Energy Transitions Acting CEO to Permanent Role
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05/18Beach Energy Limited Appoints Morné Engelbrecht as Chief Executive Officer
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05/12Buru Energy Appoints CEO
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05/03Australian shares rise on banks, energy boost; Fed meeting in focus
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04/28Newport - production rates continue to beat expectations, increase in realized oil and ..
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04/28UBS Adjusts Beach Energy's Price Target to AU$1.8 From AU$1.85, Keeps at Buy
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04/25BEACH ENERGY : Quarterly report for the period ended 31 March 2022
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04/19Australian shares hit 3-1/2-month closing high on mining, energy boost
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Analyst Recommendations on BEACH ENERGY LIMITED
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Financials
Sales 2022 1 706 M 1 199 M 1 199 M
Net income 2022 513 M 361 M 361 M
Net Debt 2022 20,1 M 14,1 M 14,1 M
P/E ratio 2022 7,12x
Yield 2022 1,32%
Capitalization 3 670 M 2 579 M 2 579 M
EV / Sales 2022 2,16x
EV / Sales 2023 1,93x
Nbr of Employees 483
Free-Float 65,3%
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Technical analysis trends BEACH ENERGY LIMITED
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 1,61 AUD
Average target price 1,96 AUD
Spread / Average Target 21,9%
EPS Revisions
Managers and Directors
Morné Engelbrecht Chief Executive Officer
Anne-Marie Barbaro General Manager-Finance
Glenn Stuart Davis Non-Executive Director
Ian Grant Chief Operating Officer
Colin David Beckett Independent Non-Executive Deputy Chairman
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