Birchcliff Energy Ltd. (TSE:BIR) Receives Consensus Rating of “Buy” from Brokerages

Birchcliff Energy Ltd. (TSE:BIRGet Rating) has been given a consensus recommendation of “Buy” by the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$10.03.

A number of research firms recently commented on BIR. Cormark lifted their target price on shares of Birchcliff Energy from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Monday. TD Securities lowered their target price on shares of Birchcliff Energy from C$10.50 to C$10.00 and set a “buy” rating for the company in a research note on Thursday, January 20th. Raymond James lifted their target price on shares of Birchcliff Energy from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Friday, March 25th. National Bankshares lowered their target price on shares of Birchcliff Energy from C$12.50 to C$11.00 in a research note on Thursday, April 14th. Finally, Scotiabank lifted their target price on shares of Birchcliff Energy from C$11.00 to C$12.00 in a research note on Tuesday, March 8th.

In related news, Senior Officer Myles Bosman sold 100,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 100,000 shares in the company, valued at approximately C$903,000.

Shares of Birchcliff Energy stock opened at C$9.49 on Friday. The firm’s 50 day moving average price is C$7.77 and its 200-day moving average price is C$7.06. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 28.92. Birchcliff Energy has a 52-week low of C$2.82 and a 52-week high of C$10.53. The company has a market cap of C$2.51 billion and a P/E ratio of 8.40.

Birchcliff Energy (TSE:BIRGet Rating) last issued its quarterly earnings data on Wednesday, February 9th. The oil and natural gas company reported C$0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.40. The firm had revenue of C$289.81 million during the quarter. As a group, equities research analysts forecast that Birchcliff Energy will post 1.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 31st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Monday, March 14th. Birchcliff Energy’s payout ratio is 2.21%.

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.

Featured Stories

Analyst Recommendations for Birchcliff Energy (TSE:BIR)

Receive News & Ratings for Birchcliff Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Birchcliff Energy and related companies with's FREE daily email newsletter.