Birchcliff Energy Ltd. (TSE:BIR) Receives C$6.45 Consensus Price Target from Brokerages

Shares of Birchcliff Energy Ltd. (TSE:BIR) have been given an average rating of “Moderate Buy” by the four analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$6.25.

A number of research analysts recently weighed in on BIR shares. Canaccord Genuity Group reduced their price objective on Birchcliff Energy from C$6.00 to C$5.75 in a research report on Friday, November 15th. Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a report on Monday, September 23rd. TD Securities lowered their price target on Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. National Bankshares cut their price objective on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. Finally, Scotiabank raised shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a report on Friday.

Insider Buying and Selling at Birchcliff Energy

In other news, Director Aaron Jeffery Tonken sold 200,000 shares of the stock in a transaction on 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. Also, Senior Officer Hue Tran sold 31,400 shares of Birchcliff Energy stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$5.02, for a total value of C$157,628.00. In the last 90 days, insiders have sold 260,000 shares of company stock worth $1,409,488. Company insiders own 1.55% of the company’s stock.

Birchcliff Energy Price Performance

BIR stock opened at C$5.97 on Thursday. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52. The firm has a 50 day moving average price of C$5.26 and a 200-day moving average price of C$5.61. Birchcliff Energy has a 52-week low of C$4.53 and a 52-week high of C$6.54. The firm has a market capitalization of C$1.61 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 0.35 and a beta of 1.93.

Birchcliff Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 6.70%. Birchcliff Energy’s payout ratio is 250.00%.

Birchcliff Energy Company Profile

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.