Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Sells C$189,609.00 in Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Hue Tran sold 30,000 shares of Birchcliff Energy stock in a transaction dated Thursday, July 4th. The shares were sold at an average price of C$6.32, for a total value of C$189,609.00.

Birchcliff Energy Price Performance

Birchcliff Energy stock opened at C$6.07 on Wednesday. The stock’s 50 day moving average is C$6.00 and its 200 day moving average is C$5.63. The company has a debt-to-equity ratio of 20.12, a current ratio of 0.73 and a quick ratio of 0.97. The firm has a market cap of C$1.63 billion, a P/E ratio of 43.36, a P/E/G ratio of 0.35 and a beta of 2.01. Birchcliff Energy Ltd. has a one year low of C$4.61 and a one year high of C$8.68.

Birchcliff Energy (TSE:BIR) last posted its quarterly earnings data on Wednesday, May 15th. The oil and natural gas company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.05). The company had revenue of C$163.30 million during the quarter. Birchcliff Energy had a return on equity of 1.65% and a net margin of 5.57%. As a group, research analysts expect that Birchcliff Energy Ltd. will post 0.0911973 EPS for the current year.

Birchcliff Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.40 annualized dividend and a dividend yield of 6.59%. Birchcliff Energy’s dividend payout ratio is 285.71%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BIR. BMO Capital Markets lifted their target price on Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd. CIBC lifted their price target on Birchcliff Energy from C$5.00 to C$5.75 in a research note on Thursday, March 14th. Finally, Canaccord Genuity Group lifted their price target on Birchcliff Energy from C$5.50 to C$6.00 and gave the company a “hold” rating in a research note on Wednesday, June 5th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$6.53.

Birchcliff Energy Company Profile

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.