Hue Tran Sells 30,000 Shares of Birchcliff Energy Ltd. (TSE:BIR) Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Hue Tran sold 30,000 shares of the firm’s stock in a transaction on Thursday, July 4th. The shares were sold at an average price of C$6.32, for a total value of C$189,609.00.

Birchcliff Energy Stock Performance

Birchcliff Energy stock opened at C$6.07 on Wednesday. Birchcliff Energy Ltd. has a 1 year low of C$4.61 and a 1 year high of C$8.68. The company’s 50-day moving average is C$6.00 and its two-hundred day moving average is C$5.63. The company has a current ratio of 0.73, a quick ratio of 0.97 and a debt-to-equity ratio of 20.12. The company has a market cap of C$1.63 billion, a PE ratio of 43.36, a PEG ratio of 0.35 and a beta of 2.01.

Birchcliff Energy (TSE:BIR) last announced its quarterly earnings data on Wednesday, May 15th. The oil and natural gas company reported C($0.06) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.05). Birchcliff Energy had a net margin of 5.57% and a return on equity of 1.65%. The business had revenue of C$163.30 million during the quarter. Equities analysts anticipate that Birchcliff Energy Ltd. will post 0.0911973 earnings per share for the current year.

Birchcliff Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.40 annualized dividend and a dividend yield of 6.59%. Birchcliff Energy’s dividend payout ratio is currently 285.71%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BIR. Canaccord Genuity Group raised their target price on Birchcliff Energy from C$5.50 to C$6.00 and gave the company a “hold” rating in a research note on Wednesday, June 5th. CIBC raised their price objective on shares of Birchcliff Energy from C$5.00 to C$5.75 in a research report on Thursday, March 14th. Finally, BMO Capital Markets boosted their target price on shares of Birchcliff Energy from C$6.00 to C$6.50 in a research note on Wednesday, July 3rd. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$6.53.

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.