Birchcliff Energy (TSE:BIR) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Birchcliff Energy Ltd. (TSE:BIR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.71 and traded as high as C$7.27. Birchcliff Energy shares last traded at C$7.12, with a volume of 1,589,975 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BIR. BMO Capital Markets upgraded Birchcliff Energy from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$7.50 to C$8.50 in a research note on Monday, December 15th. Cibc Captl Mkts lowered Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Haywood Securities lifted their price objective on Birchcliff Energy from C$8.00 to C$10.00 in a report on Monday, December 22nd. Scotiabank lowered their target price on shares of Birchcliff Energy from C$10.00 to C$9.00 in a report on Thursday, October 9th. Finally, CIBC cut shares of Birchcliff Energy from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from C$9.50 to C$8.50 in a research report on Tuesday, January 13th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Birchcliff Energy currently has an average rating of “Buy” and a consensus target price of C$8.50.

Birchcliff Energy Stock Down 2.7%

The firm has a 50 day moving average price of C$7.35 and a 200-day moving average price of C$6.71. The firm has a market cap of C$1.96 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 0.35 and a beta of -0.08. The company has a debt-to-equity ratio of 27.63, a current ratio of 1.01 and a quick ratio of 0.97.

Birchcliff Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.12 annualized dividend and a yield of 1.7%. Birchcliff Energy’s dividend payout ratio (DPR) is presently 70.37%.

About Birchcliff Energy

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.