Birchcliff Energy Ltd. (TSE:BIR) Receives Consensus Rating of “Hold” from Brokerages

Birchcliff Energy Ltd. (TSE:BIR) has been given an average recommendation of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$6.45.

BIR has been the subject of several research reports. Cormark raised Birchcliff Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Canaccord Genuity Group dropped their price target on Birchcliff Energy from C$6.00 to C$5.75 in a research note on Friday, November 15th. TD Securities reduced their price objective on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. National Bankshares decreased their target price on shares of Birchcliff Energy from C$6.50 to C$6.00 in a report on Friday, September 27th. Finally, Scotiabank cut their price target on shares of 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.

Birchcliff Energy Trading Up 0.2 %

Shares of TSE:BIR opened at C$4.71 on Friday. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52. The stock has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a 1-year low of C$4.53 and a 1-year high of C$6.54. The company has a 50 day moving average price of C$5.17 and a 200 day moving average price of C$5.69.

Birchcliff Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.49%. The ex-dividend date of this dividend is Friday, December 13th. Birchcliff Energy’s dividend payout ratio is currently 250.00%.

Insider Buying and Selling

In other Birchcliff Energy news, Senior Officer Hue Tran sold 28,600 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$5.10, for a total value of C$145,860.00. Also, Director Aaron Jeffery Tonken sold 200,000 shares of Birchcliff Energy stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$5.53, for a total transaction of C$1,106,000.00. Over the last ninety days, insiders sold 260,000 shares of company stock worth $1,409,488. Corporate insiders own 1.55% of the company’s stock.

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.