Insider Selling: Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Sells 2,300 Shares of Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Robyn Bourgeois sold 2,300 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of C$6.48, for a total value of C$14,904.00.

Birchcliff Energy Price Performance

TSE BIR opened at C$6.65 on Friday. The company has a market cap of C$1.80 billion, a PE ratio of 116.48, a P/E/G ratio of 0.35 and a beta of 1.93. Birchcliff Energy Ltd. has a 52-week low of C$4.53 and a 52-week high of C$6.83. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01. The firm’s 50 day moving average price is C$5.84 and its 200-day moving average price is C$5.53.

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 issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.80%. Birchcliff Energy’s dividend payout ratio is presently 700.63%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BIR shares. Scotiabank upgraded Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research note on Friday, January 17th. National Bankshares set a C$8.00 price target on shares of Birchcliff Energy and gave the stock an “outperform” rating in a research note on Thursday, March 13th. TD Securities raised shares of Birchcliff Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$5.50 to C$7.00 in a research report on Thursday, January 30th. Cibc World Mkts raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group upgraded Birchcliff Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from C$6.00 to C$7.00 in a report on Thursday, March 13th. One analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$7.04.

About Birchcliff Energy

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.