Birchcliff Energy Ltd. (TSE:BIR) Receives Average Rating of “Buy” from Brokerages

Shares of Birchcliff Energy Ltd. (TSE:BIR) have earned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$8.50.

Several equities analysts have issued reports on BIR shares. Haywood Securities upped their target price on shares of Birchcliff Energy from C$8.00 to C$10.00 in a research note on Monday, December 22nd. BMO Capital Markets upgraded shares of Birchcliff Energy from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$7.50 to C$8.50 in a report on Monday, December 15th. Finally, Canadian Imperial Bank of Commerce lowered shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and decreased their target price for the company from C$9.50 to C$8.50 in a research note on Tuesday, January 13th.

Birchcliff Energy Price Performance

Shares of TSE BIR opened at C$7.01 on Friday. Birchcliff Energy has a twelve month low of C$4.89 and a twelve month high of C$8.19. The firm has a market cap of C$1.93 billion, a P/E ratio of 25.96, a PEG ratio of 0.35 and a beta of 0.07. The company has a 50 day moving average of C$7.19 and a 200 day moving average of C$6.73. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63.

Birchcliff Energy (TSE:BIR) last issued its earnings results on Wednesday, February 11th. The oil and natural gas company reported C$0.10 EPS for the quarter. Birchcliff Energy had a return on equity of 0.70% and a net margin of 2.04%.The business had revenue of C$164.42 million for the quarter. As a group, research analysts expect that Birchcliff Energy will post 0.1118631 EPS for the current fiscal year.

Birchcliff Energy Dividend Announcement

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