Insights

The Beach Energy (ASX:BPT) share price is down 6% this last month. Here’s why

Here’s what’s been weighing on the Beach Energy share price this month…
The post The Beach Energy (ASX:BPT) share price is down 6% this last month. Here’s why appeared first on The Motley Fool Australia. –

The Beach Energy Ltd (ASX: BPT) share price hasn’t been doing well this last month. It’s been seesawing over the past 30 days but has ultimately fallen 6.3%.

Right now, the Beach Energy share price is $1.19, 0.42% lower than its closing price yesterday.

This time last month, shares in the oil and gas explorer and producer were trading for $1.27 apiece.

In that time, the market’s only heard one piece of price sensitive news out of Beach Energy. Let’s take a look to see if that’s been driving the Beach Energy share price lower.

What’s up with Beach Energy?

The Beach Energy share price isn’t having a great run despite releasing seemingly positive quarterly results last month.

The company’s results for the fourth quarter of financial year 2021 were released on 21 July.

Within them, Beach Energy reported its sales revenue had increased 7% quarter-on-quarter. It brought in $421 million in sales as its realised oil price gained 10%.

It came in just under its forecasted oil production for the financial year, well below its expected capital expenditure, and at the top end of its predicted underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA).

However, the apparently good results didn’t inspire a positive reaction from the market. The Beach Energy share price fell 3.2% on the day it released its quarterly results. Although, it did bounce 4.9% higher the following day.

Another factor likely playing into Beach Energy’s woes is the declining oil price.

Oil prices have recently fallen in response to an increase in US inventories. However, that’s only one piece of a complex puzzle.

According to reporting by Reuters, oil prices have fallen to their lowest point since May today as surging COVID-19 cases in Asia have resulted in a forecasted drop in demand. The strengthening US dollar is also pushing prices down as it makes purchasing oil more expensive for those trading in other currencies.

Beach Energy, and its fellow oil shares, are on watch today as a result.

Beach Energy share price snapshot

It’s been a tough year on the ASX for Beach Energy.

Its shares are currently trading for 35% less than they were at the start of 2021. They’ve also slipped 17% since this time last year.

The post The Beach Energy (ASX:BPT) share price is down 6% this last month. Here’s why 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 May 24th 2021

More reading

5 things to watch on the ASX 200 on Tuesday

43% surge: ASX 200 shares that could rake it in this year

Here are the best and worst performing ASX 200 energy shares of 2021

5 things to watch on the ASX 200 on Tuesday

5 things to watch on the ASX 200 on Tuesday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. 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.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!