Birchcliff Energy Ltd. (TSE:BIR) Receives C$7.04 Consensus PT from Analysts

Shares of Birchcliff Energy Ltd. (TSE:BIR) have received an average rating of “Buy” from the nine ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$7.04.

Several research firms have recently issued reports on BIR. Cibc World Mkts raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th. National Bankshares set a C$8.00 price objective on Birchcliff Energy and gave the company an “outperform” rating in a report on Thursday, March 13th. TD Securities raised Birchcliff Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$5.50 to C$7.00 in a report on Thursday, January 30th. Canaccord Genuity Group raised Birchcliff Energy from a “hold” rating to a “buy” rating and increased their price target for the company from C$6.00 to C$7.00 in a research note on Thursday, March 13th. Finally, Scotiabank upgraded Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a report on Friday, January 17th.

Birchcliff Energy Trading Down 8.5 %

BIR opened at C$6.02 on Tuesday. The company’s 50 day moving average is C$5.90 and its 200-day moving average is C$5.56. The company has a market cap of C$1.63 billion, a P/E ratio of 105.45, a PEG ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a 1-year low of C$4.53 and a 1-year high of C$6.95. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 27.63.

Birchcliff Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.99%. The ex-dividend date was Friday, March 14th. Birchcliff Energy’s dividend payout ratio (DPR) is currently 700.63%.

Insider Activity

In other Birchcliff Energy news, Senior Officer Hue Tran sold 30,000 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of C$6.30, for a total transaction of C$189,000.00. 1.55% of the stock is currently owned by company insiders.

About Birchcliff Energy

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.