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The latest announcement is out from Beach Energy ( (AU:BPT) ).
Beach Energy has notified the ASX that 39,761 ordinary fully paid shares have been issued following the exercise or conversion of previously unquoted equity securities. The modest increase in issued capital reflects ongoing participation in equity-based incentive or convertible arrangements, slightly diluting existing shareholders while signalling continued alignment of management or participants with the company’s equity performance.
The most recent analyst rating on (AU:BPT) stock is a Hold with a A$1.10 price target. To see the full list of analyst forecasts on Beach Energy stock, see the AU:BPT Stock Forecast page.
More about Beach Energy
Beach Energy Limited is an Australian oil and gas exploration and production company listed on the ASX under the code BPT. The company develops and operates upstream energy assets, supplying hydrocarbons to domestic and export markets.
Average Trading Volume: 7,471,696
Technical Sentiment Signal: Sell
Current Market Cap: A$2.57B
For a thorough assessment of BPT stock, go to TipRanks’ Stock Analysis page.