Brokerages Set Birchcliff Energy Ltd. (TSE:BIR) Target Price at C$6.45

Shares of Birchcliff Energy Ltd. (TSE:BIR) have earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$6.45.

Several equities research analysts have issued reports on BIR shares. National Bankshares cut their target price on Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a research report on Monday, September 23rd. TD Securities cut their target price on Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Canaccord Genuity Group lowered their price target on Birchcliff Energy from C$6.00 to C$5.75 in a research report on Friday, November 15th. Finally, Scotiabank cut 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 report on Wednesday, October 16th.

Insider Buying and Selling

In other Birchcliff Energy news, Director Aaron Jeffery Tonken sold 200,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$5.53, for a total value of C$1,106,000.00. 1.55% of the stock is owned by insiders.

Birchcliff Energy Stock Up 0.8 %

TSE BIR opened at C$5.29 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26. Birchcliff Energy has a 52 week low of C$4.61 and a 52 week high of C$6.65. The business’s fifty day simple moving average is C$5.40 and its 200-day simple moving average is C$5.77. The firm has a market cap of C$1.42 billion, a PE ratio of 33.06, a P/E/G ratio of 0.35 and a beta of 1.93.

Birchcliff Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors 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 annualized dividend and a yield of 7.56%. Birchcliff Energy’s dividend payout ratio (DPR) is 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.