Birchcliff Energy (TSE:BIR) Given New C$6.50 Price Target at BMO Capital Markets

Birchcliff Energy (TSE:BIR) had its target price hoisted by BMO Capital Markets from C$6.00 to C$6.50 in a research note released on Wednesday, BayStreet.CA reports.

Several other equities analysts have also recently commented on the company. CIBC increased their target price on Birchcliff Energy from C$5.00 to C$5.75 in a research note on Thursday, March 14th. Canaccord Genuity Group increased their target price on Birchcliff Energy from C$5.50 to C$6.00 and gave the company a hold rating in a research note on Wednesday, June 5th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of C$6.53.

Birchcliff Energy Stock Up 4.2 %

TSE BIR opened at C$6.26 on Wednesday. The stock has a market cap of C$1.68 billion, a PE ratio of 44.71, a P/E/G ratio of 0.35 and a beta of 2.01. Birchcliff Energy has a fifty-two week low of C$4.61 and a fifty-two week high of C$8.68. The business has a 50 day moving average price of C$5.96 and a two-hundred day moving average price of C$5.62. The company has a quick ratio of 0.97, a current ratio of 0.73 and a debt-to-equity ratio of 20.12.

Birchcliff Energy (TSE:BIR) last released its quarterly earnings results on Wednesday, May 15th. The oil and natural gas company reported C($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.05). The company had revenue of C$163.30 million during the quarter. Birchcliff Energy had a return on equity of 1.65% and a net margin of 5.57%. As a group, sell-side analysts predict that Birchcliff Energy will post 0.0911973 EPS for the current fiscal year.

Birchcliff Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 6.39%. The ex-dividend date of this dividend was Friday, June 14th. Birchcliff Energy’s dividend payout ratio is currently 285.71%.

Insider Activity at Birchcliff Energy

In related news, Senior Officer Robyn Bourgeois sold 33,333 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$6.22, for a total transaction of C$207,404.59. Corporate insiders own 1.56% of the company’s stock.

About Birchcliff Energy

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.