Analysts Set Birchcliff Energy Ltd. (TSE:BIR) Price Target at C$6.63

Birchcliff Energy Ltd. (TSE:BIR) has been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$6.63.

BIR has been the topic of a number of research reports. Scotiabank boosted their price objective on shares of Birchcliff Energy from C$7.00 to C$7.50 in a research report on Friday, July 12th. Canaccord Genuity Group boosted their price objective on shares of Birchcliff Energy from C$5.50 to C$6.00 and gave the stock a “hold” rating in a research report on Wednesday, June 5th. Finally, BMO Capital Markets boosted their price objective on shares of Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd.

Birchcliff Energy Stock Performance

Shares of BIR opened at C$5.85 on Thursday. The company has a debt-to-equity ratio of 20.12, a quick ratio of 0.97 and a current ratio of 0.73. Birchcliff Energy has a twelve month low of C$4.61 and a twelve month high of C$8.68. The firm’s 50 day moving average price is C$6.11 and its two-hundred day moving average price is C$5.67. The firm has a market cap of C$1.57 billion, a P/E ratio of 41.79, a PEG ratio of 0.35 and a beta of 2.01.

Birchcliff Energy (TSE:BIR) last announced 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 business 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%. On average, analysts forecast that Birchcliff Energy will post 0.0911973 EPS for the current fiscal year.

Birchcliff Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.40 annualized dividend and a dividend yield of 6.84%. Birchcliff Energy’s dividend payout ratio (DPR) is presently 285.71%.

Insiders Place Their Bets

In other Birchcliff Energy news, Senior Officer Hue Tran sold 30,000 shares of the stock in a transaction dated Thursday, July 4th. The shares were sold at an average price of C$6.32, for a total transaction of C$189,609.00. In other Birchcliff Energy news, Senior Officer Robyn Bourgeois sold 33,333 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$6.22, for a total transaction of C$207,404.59. Also, Senior Officer Hue Tran sold 30,000 shares of the stock in a transaction dated Thursday, July 4th. The stock was sold at an average price of C$6.32, for a total transaction of C$189,609.00. Corporate insiders own 1.56% of the company’s stock.

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.