Birchcliff Energy Ltd. (BIR) To Go Ex-Dividend on December 13th

Birchcliff Energy Ltd. (TSE:BIR) declared a quarterly dividend on Friday, December 13th,TickerTech Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.10 per share by the oil and natural gas company on Tuesday, December 31st. This represents a $0.40 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date is Friday, December 13th.

Birchcliff Energy Stock Up 1.6 %

Shares of BIR stock traded up C$0.08 on Wednesday, hitting C$5.11. 424,281 shares of the stock were exchanged, compared to its average volume of 1,278,931. 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 firm has a market capitalization of C$1.38 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a fifty-two week low of C$4.61 and a fifty-two week high of C$6.54. The business has a 50-day moving average of C$5.33 and a 200 day moving average of C$5.74.

Insider Activity

In other Birchcliff Energy news, Director Aaron Jeffery Tonken sold 200,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$5.53, for a total value of C$1,106,000.00. Also, Senior Officer Hue Tran sold 31,400 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of C$5.02, for a total transaction of C$157,628.00. Over the last quarter, insiders have sold 260,000 shares of company stock valued at $1,409,488. 1.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group decreased their price target on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research note on Friday, November 15th. Scotiabank lowered their price target on shares of Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. National Bankshares reduced their price objective on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. Cormark raised Birchcliff Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, TD Securities reduced their price target on Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Eight equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Birchcliff Energy presently has an average rating of “Hold” and an average price target of C$6.45.

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.