Birchcliff Energy (TSE:BIR) PT Lowered to C$7.00 at Scotiabank

Birchcliff Energy (TSE:BIR) had its price objective reduced by Scotiabank from C$7.50 to C$7.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the oil and natural gas company’s stock.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group raised their price objective on shares of Birchcliff Energy from C$6.00 to C$6.50 in a research report on Thursday, August 15th. Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a report on Monday, September 23rd. BMO Capital Markets upped their price objective on shares of Birchcliff Energy from C$6.00 to C$6.50 in a report on Wednesday, July 3rd. TD Securities reduced their target price on Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. Finally, National Bankshares dropped their price target on Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$6.53.

Birchcliff Energy Stock Performance

Shares of BIR opened at C$5.41 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26. The firm’s fifty day simple moving average is C$5.77 and its two-hundred day simple moving average is C$5.82. Birchcliff Energy has a 12 month low of C$4.61 and a 12 month high of C$8.11. The stock has a market capitalization of C$1.46 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93.

Birchcliff Energy (TSE:BIR) last announced its earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 EPS for the quarter, beating the consensus estimate of C($0.01) by C$0.18. Birchcliff Energy had a return on equity of 1.81% and a net margin of 6.24%. The company had revenue of C$146.98 million for the quarter. As a group, analysts predict that Birchcliff Energy will post 0.1118631 EPS for the current year.

Birchcliff Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.39%. Birchcliff Energy’s dividend payout ratio is presently 250.00%.

About Birchcliff Energy

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.