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

Shares of Birchcliff Energy Ltd. (TSE:BIR) have been assigned an average rating of “Hold” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$6.33.

Several equities research analysts have recently weighed in on BIR shares. Royal Bank of Canada decreased their price target on Birchcliff Energy from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. TD Securities decreased their target price on Birchcliff Energy from C$6.00 to C$5.50 and set a “hold” rating for the company in a research note on Thursday, January 18th. Stifel Nicolaus decreased their target price on Birchcliff Energy from C$6.50 to C$5.00 and set a “hold” rating for the company in a research note on Thursday, January 18th. Canaccord Genuity Group decreased their target price on Birchcliff Energy from C$5.50 to C$5.25 and set a “hold” rating for the company in a research note on Thursday, February 15th. Finally, ATB Capital decreased their target price on Birchcliff Energy from C$8.00 to C$7.50 in a research note on Thursday, February 15th.

Insiders Place Their Bets

In other Birchcliff Energy news, Senior Officer Christopher Andrew Carlsen sold 200,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of C$5.00, for a total value of C$1,000,000.00. Corporate insiders own 1.50% of the company’s stock.

Birchcliff Energy Price Performance

Shares of BIR opened at C$5.38 on Tuesday. Birchcliff Energy has a 12-month low of C$4.61 and a 12-month high of C$8.68. The business has a 50-day simple moving average of C$5.34 and a two-hundred day simple moving average of C$6.12. The company has a quick ratio of 0.97, a current ratio of 0.91 and a debt-to-equity ratio of 17.29. The stock has a market cap of C$1.44 billion, a PE ratio of 134.50, a PEG ratio of 0.35 and a beta of 2.04.

Birchcliff Energy (TSE:BIR) last issued its earnings results on Wednesday, February 14th. The oil and natural gas company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.09). The firm had revenue of C$183.30 million during the quarter. Birchcliff Energy had a return on equity of 0.42% and a net margin of 1.40%. Analysts anticipate that Birchcliff Energy will post 0.0898464 earnings per share for the current fiscal year.

Birchcliff Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were issued a $0.10 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.40 annualized dividend and a yield of 7.43%. Birchcliff Energy’s payout ratio is currently 1,000.00%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.