Birchcliff Energy Ltd. (TSE:BIR) Given Average Rating of “Hold” by Analysts

Birchcliff Energy Ltd. (TSE:BIR) has been assigned a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$6.48.

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group dropped their price target on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research note on Tuesday, October 22nd. Scotiabank dropped their price objective on Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. TD Securities cut their price objective on Birchcliff Energy from C$5.50 to C$5.00 in a report on Tuesday, October 1st. National Bankshares lowered their target price on Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. Finally, Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a research report on Monday, September 23rd.

Birchcliff Energy Stock Performance

Shares of BIR stock opened at C$5.11 on Friday. The company has a 50 day moving average price of C$5.69 and a 200-day moving average price of C$5.82. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26. The firm has a market capitalization of C$1.38 billion, a PE ratio of 31.94, a P/E/G ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a 52 week low of C$4.61 and a 52 week high of C$8.11.

Birchcliff Energy (TSE:BIR) last released its quarterly earnings data on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.01) by C$0.18. The company had revenue of C$146.98 million during the quarter. Birchcliff Energy had a net margin of 6.24% and a return on equity of 1.81%. As a group, equities research analysts expect that Birchcliff Energy will post 0.1118631 earnings per share for the current year.

Birchcliff Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.40 dividend on an annualized basis and a yield of 7.83%. Birchcliff Energy’s dividend payout ratio (DPR) is currently 250.00%.

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.