Brokerages Set Birchcliff Energy Ltd. (TSE:BIR) Price Target at C$6.48

Birchcliff Energy Ltd. (TSE:BIR) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. 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 on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$6.48.

A number of research firms have weighed in on BIR. National Bankshares cut their price objective on shares of Birchcliff Energy from C$6.50 to C$6.00 in a report on Friday, September 27th. Canaccord Genuity Group cut their price target on Birchcliff Energy from C$6.50 to C$6.00 in a research note on Tuesday, October 22nd. TD Securities lowered their price target on Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Scotiabank cut their price objective on Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. Finally, Cormark raised Birchcliff Energy to a “strong-buy” rating in a research note on Monday, September 23rd.

Birchcliff Energy Trading Up 1.2 %

Shares of TSE:BIR opened at C$5.17 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26. Birchcliff Energy has a 52-week low of C$4.61 and a 52-week high of C$7.97. The stock has a market cap of C$1.39 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 0.35 and a beta of 1.93. The business has a 50-day moving average price of C$5.67 and a 200-day moving average price of C$5.82.

Birchcliff Energy (TSE:BIR) last posted 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 analysts’ consensus estimates of C($0.01) by C$0.18. The company had revenue of C$146.98 million during the quarter. Birchcliff Energy had a net margin of 6.24% and a return on equity of 1.81%. Equities analysts predict that Birchcliff Energy will post 0.1118631 EPS for the current year.

Birchcliff Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 7.74%. The ex-dividend date was Friday, September 13th. Birchcliff Energy’s dividend payout ratio (DPR) is presently 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.