Hue Tran Sells 30,000 Shares of Birchcliff Energy Ltd. (TSE:BIR) Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Hue Tran sold 30,000 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of C$6.30, for a total transaction of C$189,000.00.

Birchcliff Energy Stock Performance

Birchcliff Energy stock opened at C$6.78 on Wednesday. Birchcliff Energy Ltd. has a 12-month low of C$4.53 and a 12-month high of C$6.79. The stock has a 50-day simple moving average of C$5.78 and a 200 day simple moving average of C$5.52. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63. The stock has a market capitalization of C$1.84 billion, a price-to-earnings ratio of 118.76, a P/E/G ratio of 0.35 and a beta of 1.93.

Birchcliff Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, March 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.77%. Birchcliff Energy’s dividend payout ratio (DPR) is currently 700.63%.

Analysts Set New Price Targets

A number of analysts recently weighed in on BIR shares. National Bank Financial raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group upgraded Birchcliff Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from C$6.00 to C$7.00 in a research note on Thursday, March 13th. Cibc World Mkts upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Scotiabank upgraded Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research report on Friday, January 17th. Finally, National Bankshares set a C$8.00 target price on shares of Birchcliff Energy and gave the company an “outperform” rating in a research note on Thursday, March 13th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$7.04.

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.