Birchcliff Energy (TSE:BIR) Price Target Lowered to C$6.00 at National Bankshares

Birchcliff Energy (TSE:BIR) had its price objective reduced by National Bankshares from C$6.50 to C$6.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets lifted their target price on shares of Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd. Cormark raised Birchcliff Energy to a strong-buy rating in a report on Monday, September 23rd. Scotiabank increased their target price on Birchcliff Energy from C$7.00 to C$7.50 in a report on Friday, July 12th. Finally, Canaccord Genuity Group boosted their price target on Birchcliff Energy from C$6.00 to C$6.50 in a research note on Thursday, August 15th. Seven research 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 stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of C$6.63.

Birchcliff Energy Trading Up 2.7 %

Birchcliff Energy stock opened at C$5.70 on Friday. Birchcliff Energy has a one year low of C$4.61 and a one year high of C$8.11. The business’s fifty day moving average is C$5.85 and its 200 day moving average is C$5.80. The stock has a market capitalization of C$1.54 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 0.35 and a beta of 1.95. The company has a debt-to-equity ratio of 22.26, a current ratio of 1.52 and a quick ratio of 0.97.

Birchcliff Energy (TSE:BIR) last posted its earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.01) by C$0.18. Birchcliff Energy had a net margin of 6.24% and a return on equity of 1.81%. The business had revenue of C$146.98 million for the quarter. On average, sell-side analysts predict that Birchcliff Energy will post 0.106975 EPS for the current year.

Birchcliff Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a dividend of $0.10 per share. 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 7.02%. Birchcliff Energy’s payout ratio is currently 250.00%.

Insider Buying and Selling

In other Birchcliff Energy news, Senior Officer Hue Tran sold 30,000 shares of Birchcliff Energy stock in a transaction that occurred on Thursday, July 4th. The shares were sold at an average price of C$6.32, for a total transaction of C$189,609.00. 1.55% of the stock is currently owned by insiders.

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.