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

Shares of Birchcliff Energy Ltd. (TSE:BIR) have been assigned an average rating of “Buy” from the five analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$8.71.

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

Birchcliff Energy Stock Up 1.7%

Shares of BIR opened at C$7.31 on Tuesday. The company has a market capitalization of C$2.01 billion, a P/E ratio of 27.07, a PEG ratio of 0.35 and a beta of -0.07. Birchcliff Energy has a one year low of C$5.16 and a one year high of C$8.19. The business’s 50 day simple moving average is C$7.04 and its 200-day simple moving average is C$6.81. The company has a debt-to-equity ratio of 27.56, a current ratio of 1.74 and a quick ratio of 0.97.

Birchcliff Energy (TSE:BIR) last released its quarterly 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 during the quarter. As a group, sell-side analysts predict that Birchcliff Energy will post 0.1118631 EPS for the current fiscal year.

Birchcliff Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.6%. Birchcliff Energy’s payout ratio is currently 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.