Birchcliff Energy (TSE:BIR) Given New C$11.00 Price Target at National Bankshares

Birchcliff Energy (TSE:BIRGet Rating) had its target price decreased by National Bankshares from C$12.50 to C$11.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

Several other brokerages have also recently weighed in on BIR. TD Securities lowered their price objective on shares of Birchcliff Energy from C$10.50 to C$10.00 and set a buy rating on the stock in a research note on Thursday, January 20th. Scotiabank raised their price target on Birchcliff Energy from C$11.00 to C$12.00 in a research report on Tuesday, March 8th. Raymond James lifted their target price on Birchcliff Energy from C$10.00 to C$11.00 and gave the stock an outperform rating in a research report on Friday, March 25th. Finally, CIBC lifted their target price on Birchcliff Energy from C$8.00 to C$9.00 in a research note on Thursday, March 3rd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Birchcliff Energy presently has a consensus rating of Buy and an average price target of C$9.66.

Shares of TSE BIR opened at C$9.98 on Thursday. The company has a market cap of C$2.64 billion and a P/E ratio of 8.83. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 28.92. The business has a 50-day simple moving average of C$7.43 and a two-hundred day simple moving average of C$6.95. Birchcliff Energy has a 52 week low of C$2.70 and a 52 week high of C$10.04.

Birchcliff Energy (TSE:BIRGet Rating) last announced its quarterly earnings results on Wednesday, February 9th. The oil and natural gas company reported C$0.40 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.40. The company had revenue of C$289.81 million during the quarter. Equities research analysts anticipate that Birchcliff Energy will post 1.0100001 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 31st were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Monday, March 14th. Birchcliff Energy’s dividend payout ratio is currently 2.21%.

In other Birchcliff Energy news, Senior Officer Myles Bosman sold 100,000 shares of the stock in a transaction that occurred on Thursday, April 7th. The shares were sold at an average price of C$9.03, for a total value of C$903,000.00. Following the completion of the sale, the insider now owns 100,000 shares of the company’s stock, valued at C$903,000.

About Birchcliff Energy (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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