Birchcliff Energy (TSE:BIR) Earns “Buy” Rating from Stifel Firstegy

Stifel Firstegy restated their buy rating on shares of Birchcliff Energy (TSE:BIR – Get Rating) in a report published on Thursday morning, PriceTargets.com reports.

Other research analysts have also recently issued research reports about the stock. Raymond James lifted their target price on shares of Birchcliff Energy from C$13.00 to C$13.50 and gave the company an outperform rating in a research note on Friday, October 14th. TD Securities upgraded shares of Birchcliff Energy from a hold rating to a buy rating and dropped their price objective for the stock from C$12.50 to C$12.00 in a research report on Thursday, November 10th. Stifel Nicolaus set a C$9.75 price objective on shares of Birchcliff Energy and gave the stock a buy rating in a research report on Friday. CIBC dropped their price objective on shares of Birchcliff Energy from C$13.50 to C$12.75 and set a neutral rating for the company in a research report on Thursday, November 10th. Finally, BMO Capital Markets lowered their target price on shares of Birchcliff Energy from C$14.00 to C$13.00 in a report on Tuesday, December 13th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of C$13.89.

Birchcliff Energy Stock Up 0.9 %

Shares of BIR opened at C$9.22 on Thursday. The stock has a market cap of C$2.45 billion and a price-to-earnings ratio of 3.69. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 8.79. Birchcliff Energy has a 12 month low of C$5.42 and a 12 month high of C$12.48. The company has a 50-day moving average price of C$9.79 and a two-hundred day moving average price of C$10.05.

Birchcliff Energy (TSE:BIR – Get Rating) last posted its earnings results on Wednesday, November 9th. The oil and natural gas company reported C$0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.53 by C$0.36. The firm had revenue of C$339.53 million during the quarter, compared to the consensus estimate of C$374.90 million. Equities analysts predict that Birchcliff Energy will post 1.8200001 EPS for the current fiscal year.

Birchcliff Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 30th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Wednesday, December 14th. Birchcliff Energy’s dividend payout ratio (DPR) is 2.40%.

About Birchcliff Energy

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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.