Birchcliff Energy Ltd. (TSE:BIR) Director Aaron Jeffery Tonken Sells 200,000 Shares

Birchcliff Energy Ltd. (TSE:BIR) Director Aaron Jeffery Tonken sold 200,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$5.53, for a total value of C$1,106,000.00.

Birchcliff Energy Stock Performance

Shares of BIR stock traded down C$0.10 on Friday, hitting C$5.42. The company’s stock had a trading volume of 1,434,099 shares, compared to its average volume of 1,291,640. Birchcliff Energy Ltd. has a fifty-two week low of C$4.61 and a fifty-two week high of C$6.89. The company has a market capitalization of C$1.46 billion, a PE ratio of 34.44, a PEG ratio of 0.35 and a beta of 1.93. The stock’s 50 day moving average is C$5.43 and its 200-day moving average is C$5.79. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52.

Birchcliff Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a dividend of $0.10 per share. The ex-dividend date was Friday, September 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.38%. Birchcliff Energy’s payout ratio is presently 250.00%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Scotiabank decreased their price objective on Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a report on Monday, September 23rd. TD Securities reduced their price target on Birchcliff Energy from C$5.50 to C$5.00 in a report on Tuesday, October 1st. National Bankshares reduced their price target on Birchcliff Energy from C$6.50 to C$6.00 in a report on Friday, September 27th. Finally, Canaccord Genuity Group reduced their price target on Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. Eight research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$6.45.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.