Birchcliff Energy Ltd. (TSE:BIR) Receives C$6.58 Average PT from Analysts

Birchcliff Energy Ltd. (TSE:BIR) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$6.58.

Several research analysts have weighed in on BIR shares. Canaccord Genuity Group increased their price target on shares of Birchcliff Energy from C$6.00 to C$6.50 in a research report on Thursday, August 15th. BMO Capital Markets increased their price target on shares of Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd. TD Securities decreased their price target on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Scotiabank raised their price objective on shares of Birchcliff Energy from C$7.00 to C$7.50 in a research report on Friday, July 12th. Finally, National Bankshares decreased their price objective on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th.

Birchcliff Energy Price Performance

The firm’s 50 day moving average price is C$5.78 and its 200 day moving average price is C$5.81. Birchcliff Energy has a fifty-two week low of C$4.61 and a fifty-two week high of C$8.11. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26. The stock has a market capitalization of C$1.54 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings data on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, sell-side analysts anticipate that Birchcliff Energy will post 0.1118631 earnings per share for the current 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 $0.10 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of ∞. Birchcliff Energy’s payout ratio is 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.