Why Beach Energy, BSA, Clarity, and Perpetual shares are pushing higher today

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is out of form and on course to end the week in the red. At the time of writing, the benchmark index is down 0.7% to 8,299.2 points.

Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:

Beach Energy Ltd (ASX: BPT)

The Beach Energy share price is up 1% to $1.25. This follows the release of the energy producer's quarterly update. Beach Energy reported a 10% quarter on quarter increase in production to 5.2 MMboe, which was ahead of consensus estimates. Baech Energy's revenue came in at $427 million for the quarter, which was in-line with the prior quarter and consensus estimates. Management notes that higher gas volumes replaced Waitsia LNG swap cargo revenue from the previous quarter.

BSA Ltd (ASX: BSA)

The BSA share price is up 17% to $1.13. This morning, this network services provider released its quarterly update and revealed a strong start to FY 2025. BSA's revenue came in 35.6% higher year on year at $76.9 million. And with its EBITDA margin improving, the company's EBITDA jumped 47.7% to $6.5 million. Management advised that its higher revenue was due to increased client volumes on fixed line platforms and wireless, a more favourable work mix, and pricing discipline. Whereas its improved margins reflects greater operational efficiency and more favourable margin work on fixed line platforms.

Clarity Pharmaceuticals Ltd (ASX: CU6)

The Clarity Pharmaceuticals share price is up 4% to $6.77. This may have been driven by a broker note out of Bell Potter this morning. According to the note, the broker has reaffirmed its speculative buy rating and $10.00 price target on this radiopharmaceuticals company's shares. It said: "There are no changes to earnings and we remain highly encouraged by the responses reported in the therapy trials. CU6 remains well funded with cash and liquid assets at 30 June of ~$146m representing funding deep into CY26. Valuation unchanged at $10.00."

Perpetual Ltd (ASX: PPT)

The Perpetual share price is up 4% to $20.47. The catalyst for this may have been a broker note out of Citi this morning. According to the note, the broker has upgraded the fund manager's shares to a buy rating with an improved price target of $22.50. Citi was pleased with the company's performance in the first quarter, noting that it achieved positive net flows during the three months.

The post Why Beach Energy, BSA, Clarity, and Perpetual shares are pushing higher today appeared first on The Motley Fool Australia.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro 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 Scott Phillips.

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