Birchcliff Energy (TSE:BIR) Given New C$6.00 Price Target at Canaccord Genuity Group

Birchcliff Energy (TSE:BIR) had its price objective lowered by Canaccord Genuity Group from C$6.50 to C$6.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets lifted their target price on Birchcliff Energy from C$6.00 to C$6.50 in a report on Wednesday, July 3rd. Scotiabank dropped their target price on shares of Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. National Bankshares reduced their price target on shares of Birchcliff Energy from C$6.50 to C$6.00 in a report on Friday, September 27th. Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a report on Monday, September 23rd. Finally, TD Securities reduced their target price on Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. Eight research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Birchcliff Energy currently has a consensus rating of “Hold” and a consensus target price of C$6.48.

Birchcliff Energy Stock Performance

Birchcliff Energy has a 1 year low of C$4.61 and a 1 year high of C$8.11. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26. The stock has a 50-day moving average price of C$5.74 and a 200 day moving average price of C$5.82. The firm has a market cap of C$1.47 billion, a P/E ratio of 34.25, a P/E/G ratio of 0.35 and a beta of 1.93.

Birchcliff Energy (TSE:BIR) last released its earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.01) by C$0.18. Birchcliff Energy had a net margin of 6.24% and a return on equity of 1.81%. The business had revenue of C$146.98 million for the quarter. Analysts forecast that Birchcliff Energy will post 0.1118631 earnings per share for the current year.

Birchcliff Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.40 dividend on an annualized basis and a yield of ∞. Birchcliff Energy’s dividend payout ratio (DPR) is currently 250.00%.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.