Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Sells C$189,000.00 in Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Hue Tran sold 30,000 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$6.30, for a total value of C$189,000.00.

Birchcliff Energy Price Performance

TSE:BIR opened at C$6.67 on Thursday. The firm has a market capitalization of C$1.81 billion, a price-to-earnings ratio of 116.83, a P/E/G ratio of 0.35 and a beta of 1.93. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01. The stock has a fifty day moving average of C$5.80 and a 200 day moving average of C$5.53. Birchcliff Energy Ltd. has a 52-week low of C$4.53 and a 52-week high of C$6.83.

Birchcliff Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, March 14th. Birchcliff Energy’s payout ratio is 700.63%.

Analysts Set New Price Targets

BIR has been the topic of several research reports. National Bankshares set a C$8.00 price target on shares of Birchcliff Energy and gave the company an “outperform” rating in a research report on Thursday, March 13th. Cibc World Mkts raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 13th. National Bank Financial upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group upgraded Birchcliff Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from C$6.00 to C$7.00 in a research report on Thursday, March 13th. Finally, TD Securities upgraded Birchcliff Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$5.50 to C$7.00 in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$7.04.

About Birchcliff Energy

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure.