Birchcliff Energy (TSE:BIR) Given New C$5.75 Price Target at Canaccord Genuity Group

Birchcliff Energy (TSE:BIR) had its price objective reduced by Canaccord Genuity Group from C$6.00 to C$5.75 in a research report sent to investors on Friday,BayStreet.CA reports.

Several other research firms have also recently commented on BIR. Scotiabank lowered 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 note on Wednesday, October 16th. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a research report on Monday, September 23rd. National Bankshares decreased their price objective on Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. Finally, TD Securities lowered their target price on Birchcliff Energy from C$5.50 to C$5.00 in a report on Tuesday, October 1st. Eight equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$6.45.

Birchcliff Energy Price Performance

BIR stock traded down C$0.19 during trading on Friday, hitting C$4.94. The company had a trading volume of 2,539,000 shares, compared to its average volume of 1,274,992. The company has a fifty day moving average price of C$5.47 and a two-hundred day moving average price of C$5.79. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26. Birchcliff Energy has a fifty-two week low of C$4.61 and a fifty-two week high of C$7.01. The company has a market cap of C$1.33 billion, a P/E ratio of 30.88, a P/E/G ratio of 0.35 and a beta of 1.93.

Birchcliff Energy (TSE:BIR) last announced its earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share for the quarter, beating analysts’ consensus estimates of C($0.01) by C$0.18. Birchcliff Energy had a return on equity of 1.81% and a net margin of 6.24%. The company had revenue of C$146.98 million during the quarter. Equities research analysts expect that Birchcliff Energy will post 0.1118631 earnings per share for the current fiscal year.

Birchcliff Energy Announces Dividend

The firm also recently declared 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 yield of 8.10%. The ex-dividend date of this dividend was Friday, September 13th. Birchcliff Energy’s dividend payout ratio is 250.00%.

Birchcliff Energy Company Profile

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.