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

Shares of Birchcliff Energy Ltd. (TSE:BIR – Get Rating) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$12.91.

BIR has been the subject of several research analyst reports. CIBC dropped their price target on shares of Birchcliff Energy from C$12.75 to C$10.50 in a research report on Tuesday, January 17th. Stifel Nicolaus cut their price target on shares of Birchcliff Energy from C$9.75 to C$9.00 in a report on Thursday, January 19th. BMO Capital Markets dropped their target price on shares of Birchcliff Energy from C$14.00 to C$13.00 in a report on Tuesday, December 13th. ATB Capital dropped their target price on shares of Birchcliff Energy from C$13.50 to C$13.00 in a report on Thursday, January 19th. Finally, Scotiabank cut shares of Birchcliff Energy from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$16.50 to C$13.00 in a report on Tuesday, January 17th.

Birchcliff Energy Stock Down 2.6 %

Shares of TSE:BIR opened at C$8.60 on Monday. The company has a market cap of C$2.29 billion, a price-to-earnings ratio of 3.36, a PEG ratio of 0.35 and a beta of 2.27. Birchcliff Energy has a fifty-two week low of C$6.08 and a fifty-two week high of C$12.48. The firm’s 50-day simple moving average is C$8.59 and its 200-day simple moving average is C$9.80. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 9.30%. The ex-dividend date is Tuesday, March 14th. This is a boost from Birchcliff Energy’s previous quarterly dividend of $0.02. Birchcliff Energy’s dividend payout ratio is 31.25%.

Birchcliff Energy Company Profile

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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.