Birchcliff Energy Ltd. (TSE:BIR) Receives Average Recommendation of “Buy” from Analysts

Shares of Birchcliff Energy Ltd. (TSE:BIR) have been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$8.50.

A number of analysts have issued reports on the company. Haywood Securities lifted their price objective on Birchcliff Energy from C$8.00 to C$10.00 in a research note on Monday, December 22nd. BMO Capital Markets raised shares of Birchcliff Energy from a “hold” rating to an “outperform” rating and raised their target price for the company from C$7.50 to C$8.50 in a report on Monday, December 15th. Finally, Canadian Imperial Bank of Commerce cut shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and reduced their price target for the stock from C$9.50 to C$8.50 in a research report on Tuesday, January 13th.

Birchcliff Energy Stock Up 0.3%

Shares of BIR stock opened at C$6.61 on Friday. The company’s fifty day simple moving average is C$7.14 and its two-hundred day simple moving average is C$6.74. Birchcliff Energy has a 52 week low of C$4.89 and a 52 week high of C$8.19. The stock has a market cap of C$1.82 billion, a P/E ratio of 24.48, a PEG ratio of 0.35 and a beta of 0.07. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported C$0.10 earnings per share for the quarter. The firm had revenue of C$164.42 million during the quarter. Birchcliff Energy had a return on equity of 0.70% and a net margin of 2.04%. Analysts predict that Birchcliff Energy will post 0.1118631 EPS for the current fiscal year.

Birchcliff Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, December 15th. Birchcliff Energy’s dividend payout ratio is currently 70.37%.

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. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes.