Why did the Beach Energy (ASX:BPT) share price lift today?

The oil and gas company's share price finished up amid news of a new appointment.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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 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.

More on Energy Shares

An oil worker in front of a pumpjack using a tablet.
Energy Shares

Oil is surging and this ASX fuel stock is one of Monday's winners

Viva shares rise as oil jumps and investors shrug off a write-down.

Read more »

Red buy button on an Apple keyboard with a finger on it.
Broker Notes

3 reasons to buy Origin Energy shares today

A leading analyst expects more outperformance from Origin Energy shares. But why?

Read more »

Image of a fist holding two yellow lightning bolts against a red backdrop.
Energy Shares

How ASX 200 energy stocks like Woodside and Santos are surging in Monday's sinking market

Investors are piling into ASX energy stocks like Santos, Woodside, and Beach Energy today. But why?

Read more »

Man in red jumper holds hand out in a vulcan salute.
Energy Shares

Why this ASX stock is slipping today even as it lands a German project win

A Lionheart milestone helps Vulcan shares outperform a weaker market backdrop...

Read more »

A man wearing a suit holds his arms aloft, attached to a large lithium battery with green charging symbols on it.
Energy Shares

Up 106% in six months, here are the latest growth forecasts for the PLS Group share price

Could this lithium giant continue charging higher?

Read more »

Hand holding out coal in front of a coal mine.
Energy Shares

Buying Whitehaven Coal shares? Here's how the miner just locked in $853 million in funding

Whitehaven Coal revealed a major funding boost intended to reduce costs.

Read more »

Oil worker giving a thumbs up in an oil field.
Energy Shares

Why is this ASX energy stock plunging today?

A big capital raise will have this company cashed up.

Read more »

Stock market chart in green with a rising arrow symbolising a rising share price.
Energy Shares

Up 635% in one year, guess which ASX energy share is rocketing again on Friday

Investors are bidding up this surging ASX energy share again today. But why?

Read more »