Birchcliff Energy (TSE:BIR) Downgraded by BMO Capital Markets to “Market Perform”

BMO Capital Markets cut shares of Birchcliff Energy (TSE:BIR) from an outperform rating to a market perform rating in a report released on Tuesday morning,BayStreet.CA reports. They currently have C$7.00 target price on the oil and natural gas company’s stock, down from their previous target price of C$8.50.

Other research analysts also recently issued reports about the company. Canadian Imperial Bank of Commerce downgraded Birchcliff Energy from an “outperform” rating to a “hold” rating and dropped their target price for the stock from C$9.50 to C$8.50 in a research note on Tuesday, January 13th. Haywood Securities boosted their target price on Birchcliff Energy from C$8.00 to C$10.00 in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$8.50.

Birchcliff Energy Stock Down 1.9%

Shares of Birchcliff Energy stock opened at C$6.54 on Tuesday. The firm’s 50 day moving average price is C$7.12 and its 200-day moving average price is C$6.95. The company has a quick ratio of 0.97, a current ratio of 1.74 and a debt-to-equity ratio of 27.56. Birchcliff Energy has a 52-week low of C$5.16 and a 52-week high of C$8.19. The company has a market cap of C$1.80 billion, a P/E ratio of 27.25, a PEG ratio of 0.35 and a beta of -0.31.

Birchcliff Energy (TSE:BIR) last announced its earnings results on Wednesday, February 11th. The oil and natural gas company reported C$0.10 earnings per share for the quarter. Birchcliff Energy had a return on equity of 2.90% and a net margin of 9.27%.The firm had revenue of C$164.42 million for the quarter. On average, sell-side analysts predict that Birchcliff Energy will post 0.1118631 EPS for the current fiscal year.

Birchcliff Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, March 13th. Birchcliff Energy’s dividend payout ratio is 50.00%.

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.