Birchcliff Energy (TSE:BIR) Stock Passes Above 200-Day Moving Average – Should You Sell?

Birchcliff Energy Ltd. (TSE:BIR)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.87 and traded as high as C$8.15. Birchcliff Energy shares last traded at C$8.01, with a volume of 5,138,728 shares trading hands.

Analyst Ratings Changes

A number of analysts recently commented on the company. Haywood Securities raised their price target on Birchcliff Energy from C$8.00 to C$10.00 in a research note on Monday, December 22nd. Canadian Imperial Bank of Commerce downgraded shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and reduced their price objective for the company from C$9.50 to C$8.50 in a research report on Tuesday, January 13th. Finally, BMO Capital Markets raised 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 research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$8.71.

Birchcliff Energy Trading Up 3.4%

The stock’s fifty day moving average price is C$7.10 and its 200 day moving average price is C$6.87. The stock has a market cap of C$2.20 billion, a P/E ratio of 33.38, a PEG ratio of 0.35 and a beta of -0.07. The company has a current ratio of 1.74, a quick ratio of 0.97 and a debt-to-equity ratio of 27.56.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported C$0.10 earnings per share (EPS) for the quarter. Birchcliff Energy had a net margin of 9.27% and a return on equity of 2.90%. The company had revenue of C$164.42 million during the quarter. Equities research analysts expect that Birchcliff Energy Ltd. will post 0.1118631 earnings per share for the current year.

Birchcliff Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th. Birchcliff Energy’s dividend payout ratio (DPR) 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.