Analysts Set Birchcliff Energy Ltd. (TSE:BIR) Price Target at C$7.04

Birchcliff Energy Ltd. (TSE:BIR) has earned an average rating of “Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$7.04.

Several brokerages have recently commented on BIR. Cibc World Mkts upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th. Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a report on Thursday, March 13th. National Bank Financial upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Scotiabank raised shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a report on Friday, January 17th. Finally, CIBC upgraded Birchcliff Energy from a “neutral” rating to an “outperform” rating and increased their target price for the company from C$7.00 to C$8.00 in a research note on Thursday, March 13th.

Insider Buying and Selling at Birchcliff Energy

In related news, Senior Officer Hue Tran sold 30,000 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of C$6.30, for a total transaction of C$189,000.00. Company insiders own 1.55% of the company’s stock.

Birchcliff Energy Trading Down 2.2 %

Shares of TSE BIR opened at C$5.89 on Tuesday. The business has a 50 day simple moving average of C$5.90 and a 200 day simple moving average of C$5.57. Birchcliff Energy has a 52 week low of C$4.53 and a 52 week high of C$6.95. The stock has a market cap of C$1.60 billion, a price-to-earnings ratio of 103.17, a PEG ratio of 0.35 and a beta of 1.93. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01.

Birchcliff Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.12 annualized dividend and a dividend yield of 2.04%. Birchcliff Energy’s dividend payout ratio (DPR) is presently 700.63%.

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.