Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Robyn Bourgeois Sells 33,333 Shares of Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Robyn Bourgeois sold 33,333 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$6.22, for a total transaction of C$207,404.59.

Birchcliff Energy Price Performance

Shares of TSE:BIR opened at C$6.01 on Friday. Birchcliff Energy Ltd. has a twelve month low of C$4.61 and a twelve month high of C$8.68. The company’s 50 day moving average is C$5.93 and its 200 day moving average is C$5.62. The company has a current ratio of 0.73, a quick ratio of 0.97 and a debt-to-equity ratio of 20.12. The company has a market cap of C$1.62 billion, a PE ratio of 42.93, a price-to-earnings-growth ratio of 0.35 and a beta of 2.01.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings data on Wednesday, May 15th. The oil and natural gas company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.05). The firm had revenue of C$163.30 million for the quarter. Birchcliff Energy had a return on equity of 1.65% and a net margin of 5.57%. On average, sell-side analysts forecast that Birchcliff Energy Ltd. will post 0.0911973 EPS for the current year.

Birchcliff Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, June 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.66%. Birchcliff Energy’s payout ratio is 285.71%.

Analysts Set New Price Targets

BIR has been the subject of several analyst reports. CIBC increased their price target on shares of Birchcliff Energy from C$5.00 to C$5.75 in a research report on Thursday, March 14th. BMO Capital Markets increased their price objective on shares of Birchcliff Energy from C$5.50 to C$6.00 in a research report on Thursday, May 16th. Finally, Canaccord Genuity Group increased their price objective on shares of Birchcliff Energy from C$5.50 to C$6.00 and gave the company a “hold” rating in a research report on Wednesday, June 5th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$6.47.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.