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

Shares of Birchcliff Energy Ltd. (TSE:BIR) have earned a consensus rating of “Hold” from the ten analysts that are covering the company, Marketbeat.com reports. Eight investment 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 12 month target price among brokers that have issued ratings on the stock in the last year is C$6.45.

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

Birchcliff Energy Trading Up 0.2 %

Shares of TSE BIR opened at C$5.04 on Friday. Birchcliff Energy has a 1-year low of C$4.53 and a 1-year high of C$6.54. The business has a fifty day moving average price of C$5.12 and a 200 day moving average price of C$5.66. The stock has a market capitalization of C$1.36 billion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. The company has a debt-to-equity ratio of 22.26, a current ratio of 1.52 and a quick ratio of 0.97.

Birchcliff Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.94%. The ex-dividend date is Friday, December 13th. Birchcliff Energy’s dividend payout ratio (DPR) is 250.00%.

Insider Activity at Birchcliff Energy

In other Birchcliff Energy news, Director Aaron Jeffery Tonken sold 200,000 shares of the stock in a transaction dated 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. Also, Senior Officer Hue Tran sold 28,600 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$5.10, for a total value of C$145,860.00. Insiders have sold a total of 260,000 shares of company stock worth $1,409,488 over the last quarter. Insiders own 1.55% of the company’s stock.

About Birchcliff Energy

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.