Birchcliff Energy Ltd. (TSE:BIR) Given Average Rating of “Buy” by Analysts

Birchcliff Energy Ltd. (TSE:BIR – Get Rating) has received an average rating of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$10.41.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on Birchcliff Energy from C$9.50 to C$12.25 in a research note on Friday. TD Securities lowered their price objective on 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. Raymond James upped their price objective on Birchcliff Energy from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Thursday, May 12th. CIBC upped their price objective on Birchcliff Energy from C$9.00 to C$11.00 in a research note on Thursday, April 14th. Finally, Cormark upped their price objective on Birchcliff Energy from C$15.00 to C$16.00 in a research note on Thursday, May 12th.

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

Shares of BIR opened at C$10.34 on Tuesday. Birchcliff Energy has a 12-month low of C$3.29 and a 12-month high of C$10.58. 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 firm has a market capitalization of C$2.74 billion and a price-to-earnings ratio of 9.15. The stock’s 50-day moving average price is C$8.77 and its 200 day moving average price is C$7.43.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 31st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Monday, March 14th. Birchcliff Energy’s dividend 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.

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