Birchcliff Energy (TSE:BIR) Price Target Raised to C$10.00 at Haywood Securities

Birchcliff Energy (TSE:BIR) had its target price hoisted by Haywood Securities from C$8.00 to C$10.00 in a report issued on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also weighed in on the stock. BMO Capital Markets upgraded shares of Birchcliff Energy from a “hold” rating to an “outperform” rating and lifted their price objective for the company from C$7.50 to C$8.50 in a research report on Monday, December 15th. Scotiabank reduced their target price on shares of Birchcliff Energy from C$10.00 to C$9.00 in a research note on Thursday, October 9th. National Bankshares dropped their price target on shares of Birchcliff Energy from C$9.25 to C$9.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Finally, CIBC increased their price target on shares of Birchcliff Energy from C$8.50 to C$9.50 in a report on Wednesday, October 15th. Four research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$8.44.

Birchcliff Energy Stock Down 0.1%

BIR opened at C$7.26 on Monday. Birchcliff Energy has a 52 week low of C$4.71 and a 52 week high of C$8.19. The business has a 50 day moving average price of C$6.98 and a two-hundred day moving average price of C$6.70. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63. The company has a market cap of C$1.98 billion, a PE ratio of 26.89, a P/E/G ratio of 0.35 and a beta of 0.09.

Birchcliff Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be issued a $0.03 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.7%. Birchcliff Energy’s dividend payout ratio (DPR) is 70.37%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes.