Birchcliff Energy Ltd. (TSE:BIR) Given Consensus Recommendation of “Hold” by Brokerages

Birchcliff Energy Ltd. (TSE:BIR) has received a consensus rating of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$6.45.

Several research analysts recently issued reports on the company. Cormark raised Birchcliff Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Scotiabank decreased their target price on Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. Canaccord Genuity Group dropped their price objective on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research note on Friday, November 15th. National Bankshares cut their target price on Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. Finally, TD Securities decreased their price target on Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st.

Birchcliff Energy Price Performance

Shares of BIR stock opened at C$5.25 on Wednesday. The business has a fifty day simple moving average of C$5.43 and a 200 day simple moving average of C$5.79. The company has a market cap of C$1.41 billion, a P/E ratio of 32.81, a P/E/G ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a twelve month low of C$4.61 and a twelve month high of C$6.84. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26.

Birchcliff Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 7.62%. The ex-dividend date of this dividend was Friday, September 13th. Birchcliff Energy’s dividend payout ratio (DPR) is presently 250.00%.

Insider Buying and Selling

In related news, Director Aaron Jeffery Tonken sold 200,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$5.53, for a total value of C$1,106,000.00. 1.55% of the stock is currently owned by company insiders.

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.