Birchcliff Energy (TSE:BIR) PT Lowered to C$6.00 at Canaccord Genuity Group

Birchcliff Energy (TSE:BIR) had its target price lowered by Canaccord Genuity Group from C$6.50 to C$6.00 in a report published on Tuesday morning, BayStreet.CA reports.

Several other research firms also recently weighed in on BIR. BMO Capital Markets increased their price target on shares of Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd. National Bankshares lowered their target price on Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. Scotiabank reduced their price target on Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. TD Securities lowered their price objective on Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Finally, Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a report on Monday, September 23rd. Eight analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$6.48.

Birchcliff Energy Stock Up 0.6 %

Birchcliff Energy stock opened at C$5.38 on Tuesday. Birchcliff Energy has a one year low of C$4.61 and a one year high of C$8.11. The stock has a fifty day moving average of C$5.73 and a 200 day moving average of C$5.82. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52. The stock has a market cap of C$1.45 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93.

Birchcliff Energy (TSE:BIR) last released its quarterly 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. The firm 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%. As a group, sell-side 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. This represents a $0.40 annualized dividend and a dividend yield of 7.43%. The ex-dividend date of this dividend was Friday, September 13th. Birchcliff Energy’s dividend payout ratio (DPR) is presently 250.00%.

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.