Birchcliff Energy Ltd. (TSE:BIR) to Issue $0.10 Quarterly Dividend

Birchcliff Energy Ltd. (TSE:BIR) announced a quarterly dividend on Friday, September 13th, Zacks reports. Stockholders of record on Friday, September 27th will be paid a dividend of 0.10 per share by the oil and natural gas company on Friday, September 27th. This represents a $0.40 annualized dividend and a dividend yield of 7.09%. The ex-dividend date of this dividend is Friday, September 13th.

Birchcliff Energy Stock Performance

Shares of BIR stock opened at C$5.64 on Thursday. The company has a market cap of C$1.52 billion, a price-to-earnings ratio of 35.25, a price-to-earnings-growth ratio of 0.35 and a beta of 1.95. Birchcliff Energy has a 52 week low of C$4.61 and a 52 week high of C$8.59. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26. The firm has a 50 day moving average of C$6.00 and a 200-day moving average of C$5.79.

Birchcliff Energy (TSE:BIR) last announced its quarterly earnings data on Wednesday, August 14th. The oil and natural gas company reported C$0.17 EPS for the quarter, topping the consensus estimate of C($0.01) by C$0.18. The company had revenue of C$146.98 million during the quarter. Birchcliff Energy had a net margin of 6.24% and a return on equity of 1.81%. On average, equities analysts forecast that Birchcliff Energy will post 0.120155 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on BIR. Canaccord Genuity Group lifted their price target on shares of Birchcliff Energy from C$6.00 to C$6.50 in a research report on Thursday, August 15th. Scotiabank lifted their price target on shares of Birchcliff Energy from C$7.00 to C$7.50 in a research report on Friday, July 12th. Finally, BMO Capital Markets lifted their price target on shares of Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$6.68.

Insider Transactions at Birchcliff Energy

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

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.