Birchcliff Energy (OTCMKTS:BIREF) PT Raised to C$11.00 at CIBC

Birchcliff Energy (OTCMKTS:BIREFGet Rating) had its price objective boosted by CIBC from C$9.00 to C$11.00 in a research note released on Thursday morning, The Fly reports.

BIREF has been the topic of a number of other research reports. National Bank Financial lifted their price target on shares of Birchcliff Energy from C$11.00 to C$12.50 in a report on Thursday. TD Securities decreased their price target on shares of Birchcliff Energy from C$10.50 to C$10.00 in a report on Thursday, January 20th. Finally, Stifel Nicolaus raised their target price on shares of Birchcliff Energy from C$8.75 to C$9.25 in a research note on Friday, February 11th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of Buy and an average price target of $9.60.

Shares of OTCMKTS BIREF opened at $7.92 on Thursday. Birchcliff Energy has a 1 year low of $2.20 and a 1 year high of $8.00. The firm’s 50 day moving average price is $5.86 and its 200 day moving average price is $5.51. The firm has a market cap of $2.11 billion, a P/E ratio of 8.14 and a beta of 0.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.89 and a current ratio of 0.89.

Birchcliff Energy (OTCMKTS:BIREFGet Rating) last announced its earnings results on Wednesday, February 9th. The company reported $0.32 earnings per share (EPS) for the quarter. Birchcliff Energy had a net margin of 33.61% and a return on equity of 19.65%. The firm had revenue of $229.92 million for the quarter.

The company also recently declared a dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were paid a dividend of $0.0078 per share. This is an increase from Birchcliff Energy’s previous dividend of $0.01. The ex-dividend date was Monday, March 14th. This represents a yield of 0.57%. Birchcliff Energy’s payout ratio is 3.30%.

Birchcliff Energy Company Profile (Get Rating)

Birchcliff Energy Ltd., an intermediate oil and natural gas company, acquires, explores for, develops, and produces natural gas, light oil, condensate, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play located approximately 95 km northwest of Grande Prairie, Alberta.

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