Birchcliff Energy (TSE:BIR) PT Raised to C$5.50

Birchcliff Energy (TSE:BIR) had its price objective increased by Canaccord Genuity Group from C$5.25 to C$5.50 in a report released on Wednesday, BayStreet.CA reports. They currently have a hold rating on the oil and natural gas company’s stock.

Several other equities research analysts also recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Birchcliff Energy from C$8.00 to C$7.00 and set an outperform rating for the company in a research report on Thursday, January 18th. BMO Capital Markets lifted their target price on Birchcliff Energy from C$5.25 to C$5.50 in a report on Thursday, March 28th. Stifel Nicolaus lowered their price target on Birchcliff Energy from C$6.50 to C$5.00 and set a hold rating on the stock in a report on Thursday, January 18th. CIBC increased their price objective on Birchcliff Energy from C$5.00 to C$5.75 in a research report on Thursday, March 14th. Finally, ATB Capital decreased their target price on Birchcliff Energy from C$8.00 to C$7.50 in a research report on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of C$6.36.

Birchcliff Energy Trading Up 4.5 %

TSE BIR opened at C$5.56 on Wednesday. Birchcliff Energy has a 12 month low of C$4.61 and a 12 month high of C$8.68. The company has a current ratio of 0.91, a quick ratio of 0.97 and a debt-to-equity ratio of 17.29. The stock’s fifty day moving average price is C$5.37 and its 200-day moving average price is C$6.10. The stock has a market cap of C$1.49 billion, a P/E ratio of 139.00, a P/E/G ratio of 0.35 and a beta of 2.04.

Birchcliff Energy (TSE:BIR) last announced its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.09). The firm had revenue of C$183.30 million for the quarter. Birchcliff Energy had a net margin of 1.40% and a return on equity of 0.42%. As a group, equities analysts forecast that Birchcliff Energy will post 0.0898464 EPS for the current fiscal year.

Birchcliff Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date was Thursday, March 14th. Birchcliff Energy’s dividend payout ratio (DPR) is presently 1,000.00%.

Insiders Place Their Bets

In other news, Senior Officer Christopher Andrew Carlsen sold 200,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of C$5.00, for a total transaction of C$1,000,000.00. Insiders own 1.50% of the company’s stock.

About Birchcliff Energy

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.