The Beach Energy Ltd (ASX: BPT) share price has finished in the green today, defying a sector-wide slump on Tuesday.
At market close, shares in the energy producer were trading at $1.245, up 0.81%.
For some perspective, the S&P/ASX 200 Energy Index (ASX: XEJ) was down 0.97% today.
What’s new at Beach Energy?
Beach Energy informed investors it has appointed Rob Jager ONZM as an independent non-executive director.
Jager is best known for his career at Shell Energy. Over a career spanning more than 40 years, he has served in multiple executive roles including vice president in both Perth and New Zealand.
Recently, Jager completed a nine year stint as independent non-executive director with Air New Zealand.
Beach energy share price snapshot
The Beach Energy share price has slumped more than 34% in the past 12 months, falling around 31% this year to date.
The company’s shares dropped 1.19% in the past month but have picked up more than 6% in the last week.
The energy producer has a market capitalisation of about $2.8 billion.
The post Why did the Beach Energy (ASX:BPT) share price lift today? appeared first on The Motley Fool Australia.
Should you invest $1,000 in Beach Energy right now?
Before you consider Beach Energy , you’ll want to hear this.
Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Beach Energy wasn’t one of them.
The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.
*Returns as of August 16th 2021
More reading
- 5 things to watch on the ASX 200 on Tuesday
- 5 things to watch on the ASX 200 on Wednesday
- 5 things to watch on the ASX 200 on Tuesday
- The Beach Energy (ASX:BPT) share price dropped 15% in November. December is also off to a lousy start
- 5 things to watch on the ASX 200 on Wednesday
The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
from The Motley Fool Australia https://ift.tt/3DSqNFs
Leave a Reply