Birchcliff Energy (TSE:BIR) Trading Down 4% – What’s Next?

Birchcliff Energy Ltd. (TSE:BIR) was down 4% on Thursday . The stock traded as low as C$5.54 and last traded at C$5.56. Approximately 248,454 shares were traded during trading, a decline of 69% from the average daily volume of 793,462 shares. The stock had previously closed at C$5.79.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. CIBC lifted their price target on shares of Birchcliff Energy from C$5.75 to C$6.00 in a report on Friday. 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. National Bankshares reduced their price objective on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, Canaccord Genuity Group reduced their target price on Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$6.48.

Birchcliff Energy Price Performance

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 50-day moving average price is C$5.25 and its two-hundred day moving average price is C$5.61. The stock has a market cap of C$1.56 billion, a PE ratio of 36.19, a PEG ratio of 0.35 and a beta of 1.93.

Birchcliff Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 6.91%. Birchcliff Energy’s dividend payout ratio (DPR) is presently 250.00%.

Insider Buying and Selling at Birchcliff Energy

In other news, Director Aaron Jeffery Tonken sold 200,000 shares of the business’s stock in a transaction dated 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. Also, Senior Officer Hue Tran sold 28,600 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$5.10, for a total value of C$145,860.00. In the last quarter, insiders have sold 260,000 shares of company stock worth $1,409,488. 1.55% of the stock is owned by corporate insiders.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure.