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

Shares of Birchcliff Energy Ltd. (TSE:BIRGet Rating) have been given an average recommendation of “Buy” by the ten analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$12.43.

A number of equities research analysts have recently issued reports on the company. National Bankshares cut their target price on Birchcliff Energy from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a research report on Monday, July 18th. Raymond James boosted their target price on Birchcliff Energy from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. Scotiabank boosted their target price on Birchcliff Energy from C$13.00 to C$14.00 in a research report on Thursday, July 14th. Haywood Securities cut their target price on Birchcliff Energy from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Finally, Stifel Nicolaus boosted their target price on Birchcliff Energy from C$11.25 to C$11.50 in a research report on Friday, August 12th.

Birchcliff Energy Stock Down 3.6 %

Shares of Birchcliff Energy stock opened at C$11.13 on Monday. The stock’s fifty day moving average is C$10.29 and its 200-day moving average is C$9.70. The firm has a market capitalization of C$2.95 billion and a PE ratio of 5.27. The company has a quick ratio of 0.73, a current ratio of 0.90 and a debt-to-equity ratio of 14.88. Birchcliff Energy has a 12-month low of C$5.42 and a 12-month high of C$12.48.

Birchcliff Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, October 3rd will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Wednesday, September 14th. Birchcliff Energy’s dividend payout ratio is currently 2.13%.

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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Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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