Birchcliff Energy Ltd. (TSE:BIR) Director Aaron Jeffery Tonken Sells 200,000 Shares of Stock

Birchcliff Energy Ltd. (TSE:BIR) Director Aaron Jeffery Tonken sold 200,000 shares of the stock in a transaction dated 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.

Birchcliff Energy Price Performance

TSE BIR opened at C$5.42 on Friday. The company has a debt-to-equity ratio of 22.26, a current ratio of 1.52 and a quick ratio of 0.97. The stock’s fifty day moving average price is C$5.43 and its 200 day moving average price is C$5.79. The company has a market cap of C$1.46 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 0.35 and a beta of 1.93. Birchcliff Energy Ltd. has a 1 year low of C$4.61 and a 1 year high of C$6.89.

Birchcliff Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.38%. The ex-dividend date was Friday, September 13th. Birchcliff Energy’s payout ratio is 250.00%.

Analyst Upgrades and Downgrades

BIR has been the subject of several analyst reports. TD Securities lowered their price objective on Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. National Bankshares lowered their price target on Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. Scotiabank cut their price objective on shares of Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. Canaccord Genuity Group cut their price objective on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research report on Friday, November 15th. Finally, Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Eight analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Birchcliff Energy has an average rating of “Hold” and an average target price of C$6.45.

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.