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

Birchcliff Energy Ltd. (TSE:BIR) has been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$6.45.

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

Birchcliff Energy Price Performance

BIR stock opened at C$5.29 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26. The company has a market capitalization of C$1.42 billion, a P/E ratio of 33.06, a PEG ratio of 0.35 and a beta of 1.93. The business has a 50 day simple moving average of C$5.40 and a 200-day simple moving average of C$5.77. Birchcliff Energy has a twelve month low of C$4.61 and a twelve month high of C$6.65.

Birchcliff Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date was Friday, September 13th. Birchcliff Energy’s dividend payout ratio is presently 250.00%.

Insider Buying and Selling at Birchcliff Energy

In other news, Director Aaron Jeffery Tonken sold 200,000 shares of the business’s 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 transaction of C$1,106,000.00. 1.55% of the stock is owned by corporate 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.