Birchcliff Energy Ltd. (TSE:BIR) Announces $0.03 Quarterly Dividend

Birchcliff Energy Ltd. (TSE:BIR) declared a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.03 per share by the oil and natural gas company on Monday, March 31st. This represents a $0.12 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, March 14th.

Birchcliff Energy Trading Up 3.6 %

Shares of TSE BIR traded up C$0.18 during trading on Wednesday, reaching C$5.25. The stock had a trading volume of 646,605 shares, compared to its average volume of 1,217,893. The business’s 50-day moving average price is C$5.71 and its 200-day moving average price is C$5.52. Birchcliff Energy has a fifty-two week low of C$4.53 and a fifty-two week high of C$6.54. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01. The company has a market cap of C$1.42 billion, a P/E ratio of 91.96, a PEG ratio of 0.35 and a beta of 1.93.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Scotiabank upgraded shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research note on Friday, January 17th. Canaccord Genuity Group cut their target price on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research note on Friday, November 15th. TD Securities upgraded shares of Birchcliff Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from C$5.50 to C$7.00 in a report on Thursday, January 30th. National Bankshares upgraded shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$6.00 to C$8.00 in a research note on Thursday, January 30th. Finally, National Bank Financial upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$6.71.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure.