Robyn Bourgeois Sells 2,300 Shares of Birchcliff Energy Ltd. (TSE:BIR) Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Robyn Bourgeois sold 2,300 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$6.48, for a total value of C$14,904.00.

Birchcliff Energy Trading Down 0.3 %

Birchcliff Energy stock traded down C$0.02 during trading hours on Friday, reaching C$6.65. The company had a trading volume of 468,032 shares, compared to its average volume of 1,473,386. The firm has a market cap of C$1.80 billion, a price-to-earnings ratio of 116.48, a P/E/G ratio of 0.35 and a beta of 1.93. Birchcliff Energy Ltd. has a 12-month low of C$4.53 and a 12-month high of C$6.83. The company has a debt-to-equity ratio of 27.63, a current ratio of 1.01 and a quick ratio of 0.97. The company has a 50-day moving average price of C$5.82 and a 200 day moving average price of C$5.53.

Birchcliff Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Friday, March 14th. Birchcliff Energy’s dividend payout ratio (DPR) is presently 700.63%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. 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. National Bankshares set a C$8.00 target price on shares of Birchcliff Energy and gave the company an “outperform” rating in a research report on Thursday, March 13th. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a report on Thursday, March 13th. Scotiabank raised shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a report on Friday, January 17th. Finally, Cibc World Mkts raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 13th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$7.04.

Birchcliff Energy Company Profile

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.