Birchcliff Energy Ltd. (TSE:BIR) Director Sells C$1,106,000.00 in Stock

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

Birchcliff Energy Stock Down 1.8 %

Shares of BIR stock opened at C$5.42 on Friday. The stock’s fifty day moving average price is C$5.43 and its 200 day moving average price is C$5.79. Birchcliff Energy Ltd. has a 1-year low of C$4.61 and a 1-year high of C$6.89. The company has a market cap of C$1.46 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. The company has a debt-to-equity ratio of 22.26, a current ratio of 1.52 and a quick ratio of 0.97.

Birchcliff Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.40 annualized dividend and a dividend yield of 7.38%. Birchcliff Energy’s dividend payout ratio (DPR) is currently 250.00%.

Wall Street Analyst Weigh In

BIR has been the subject of several research reports. National Bankshares lowered their price target on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. TD Securities lowered their target price on Birchcliff Energy from C$5.50 to C$5.00 in a report on Tuesday, October 1st. Canaccord Genuity Group dropped their target price on Birchcliff Energy from C$6.00 to C$5.75 in a research report on Friday, November 15th. Cormark raised Birchcliff Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Scotiabank dropped their price objective on Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. Eight equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Birchcliff Energy currently has an average 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.