Birchcliff Energy (TSE:BIR) Given New C$6.00 Price Target at National Bankshares

Birchcliff Energy (TSE:BIR) had its price objective lowered by National Bankshares from C$6.50 to C$6.00 in a research note released on Friday morning, BayStreet.CA reports.

Several other equities analysts also recently weighed in on BIR. Scotiabank increased their target price on Birchcliff Energy from C$7.00 to C$7.50 in a research report on Friday, July 12th. Canaccord Genuity Group increased their price objective on shares of Birchcliff Energy from C$6.00 to C$6.50 in a report on Thursday, August 15th. BMO Capital Markets boosted their target price on shares of Birchcliff Energy from C$6.00 to C$6.50 in a report on Wednesday, July 3rd. Finally, Cormark raised shares of Birchcliff Energy to a strong-buy rating in a research report on Monday, September 23rd. Seven 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’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of C$6.63.

Birchcliff Energy Price Performance

Shares of TSE:BIR opened at C$5.55 on Friday. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52. The business’s fifty day moving average price is C$5.86 and its two-hundred day moving average price is C$5.80. The stock has a market cap of C$1.49 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 0.35 and a beta of 1.95. Birchcliff Energy has a one year low of C$4.61 and a one year high of C$8.11.

Birchcliff Energy (TSE:BIR) last released its quarterly earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.01) by C$0.18. The company had revenue of C$146.98 million for the quarter. Birchcliff Energy had a net margin of 6.24% and a return on equity of 1.81%. On average, analysts forecast that Birchcliff Energy will post 0.106975 EPS for the current fiscal year.

Birchcliff Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.21%. The ex-dividend date of this dividend was Friday, September 13th. Birchcliff Energy’s payout ratio is 250.00%.

Insider Activity

In other Birchcliff Energy news, Senior Officer Hue Tran sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, July 4th. The stock was sold at an average price of C$6.32, for a total value of C$189,609.00. Insiders own 1.55% of the company’s stock.

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.