Birchcliff Energy (TSE:BIR) PT Raised to C$6.50

Birchcliff Energy (TSE:BIR) had its target price increased by Canaccord Genuity Group from C$6.00 to C$6.50 in a research report released on Thursday, BayStreet.CA reports.

BIR has been the subject of a number of other research reports. Scotiabank increased their target price on shares of Birchcliff Energy from C$7.00 to C$7.50 in a research report on Friday, July 12th. BMO Capital Markets boosted their target price on Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Birchcliff Energy has a consensus rating of Hold and an average target price of C$6.68.

Birchcliff Energy Trading Down 2.1 %

Shares of TSE:BIR opened at C$6.17 on Thursday. The company’s 50-day moving average price is C$6.07 and its 200 day moving average price is C$5.71. Birchcliff Energy has a fifty-two week low of C$4.61 and a fifty-two week high of C$8.64. The company has a market cap of C$1.66 billion, a PE ratio of 44.07, a P/E/G ratio of 0.35 and a beta of 1.97. The company has a quick ratio of 0.97, a current ratio of 0.73 and a debt-to-equity ratio of 20.12.

Birchcliff Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 6.48%. The ex-dividend date is Friday, September 13th. Birchcliff Energy’s dividend payout ratio is currently 285.71%.

Insider Activity at Birchcliff Energy

In other news, Senior Officer Hue Tran sold 30,000 shares of Birchcliff Energy stock in a transaction dated Thursday, July 4th. The stock was sold at an average price of C$6.32, for a total value of C$189,609.00. In other news, Senior Officer Hue Tran sold 30,000 shares of the stock in a transaction that occurred on Thursday, July 4th. The stock was sold at an average price of C$6.32, for a total value of C$189,609.00. Also, Senior Officer Robyn Bourgeois sold 33,333 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$6.22, for a total transaction of C$207,404.59. 1.55% of the stock is currently owned by company insiders.

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.