Birchcliff Energy Ltd. Declares Quarterly Dividend of $0.10 (TSE:BIR)

Birchcliff Energy Ltd. (TSE:BIR) declared a quarterly dividend on Friday, December 13th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.10 per share by the oil and natural gas company on Tuesday, December 31st. This represents a $0.40 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date of this dividend is Friday, December 13th.

Birchcliff Energy Stock Performance

TSE BIR traded up C$0.03 on Wednesday, reaching C$5.06. 317,144 shares of the company’s stock traded hands, compared to its average volume of 1,278,785. The firm has a market cap of C$1.36 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 0.35 and a beta of 1.93. The stock has a 50 day moving average price of C$5.33 and a 200-day moving average price of C$5.74. Birchcliff Energy has a fifty-two week low of C$4.61 and a fifty-two week high of C$6.54. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BIR. TD Securities decreased their target price on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a research report on Monday, September 23rd. National Bankshares cut their price objective on shares of Birchcliff Energy from C$6.50 to C$6.00 in a report on Friday, September 27th. Canaccord Genuity Group cut their price objective on shares of Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. Finally, Scotiabank cut their price objective on shares of Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$6.45.

Insider Transactions at Birchcliff Energy

In other news, Director Aaron Jeffery Tonken sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$5.53, for a total value of C$1,106,000.00. Also, Senior Officer Hue Tran sold 31,400 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of C$5.02, for a total transaction of C$157,628.00. In the last three months, insiders have sold 260,000 shares of company stock worth $1,409,488. 1.55% of the stock is currently owned by insiders.

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.