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

Shares of Birchcliff Energy Ltd. (TSE:BIR) have received an average recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$6.45.

A number of brokerages have recently commented on BIR. Canaccord Genuity Group cut their price objective on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research report on Friday, November 15th. Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a research report on Monday, September 23rd. TD Securities decreased their price objective on Birchcliff Energy from C$5.50 to C$5.00 in a report on Tuesday, October 1st. Scotiabank cut their target price on Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. Finally, National Bankshares decreased their price target on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th.

Insider Activity

In other news, Senior Officer Hue Tran sold 31,400 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$5.02, for a total value of C$157,628.00. Also, Director Aaron Jeffery Tonken sold 200,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$5.53, for a total transaction of C$1,106,000.00. In the last quarter, insiders have sold 260,000 shares of company stock worth $1,409,488. Corporate insiders own 1.55% of the company’s stock.

Birchcliff Energy Trading Up 0.2 %

Shares of BIR stock opened at C$4.71 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26. Birchcliff Energy has a 1 year low of C$4.53 and a 1 year high of C$6.54. The firm’s fifty day simple moving average is C$5.17 and its 200 day simple moving average is C$5.69. The firm has a market capitalization of C$1.27 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93.

Birchcliff Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.49%. Birchcliff Energy’s payout ratio is presently 250.00%.

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.