Analysts Set Birchcliff Energy Ltd. (TSE:BIR) PT at C$6.33

Shares of Birchcliff Energy Ltd. (TSE:BIR) have earned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$6.36.

A number of research analysts have recently issued reports on BIR shares. Canaccord Genuity Group raised their price objective on Birchcliff Energy from C$5.25 to C$5.50 and gave the company a “hold” rating in a research note on Wednesday. BMO Capital Markets raised their price target on Birchcliff Energy from C$5.25 to C$5.50 in a research report on Thursday, March 28th. TD Securities lowered their price objective on Birchcliff Energy from C$6.00 to C$5.50 and set a “hold” rating for the company in a research report on Thursday, January 18th. Stifel Nicolaus dropped their price objective on Birchcliff Energy from C$6.50 to C$5.00 and set a “hold” rating for the company in a research note on Thursday, January 18th. Finally, ATB Capital decreased their target price on shares of Birchcliff Energy from C$8.00 to C$7.50 in a research note on Thursday, February 15th.

Birchcliff Energy Stock Performance

TSE:BIR opened at C$5.45 on Tuesday. Birchcliff Energy has a 1-year low of C$4.61 and a 1-year high of C$8.68. The company has a debt-to-equity ratio of 17.29, a current ratio of 0.91 and a quick ratio of 0.97. The business has a 50 day moving average of C$5.37 and a 200 day moving average of C$6.10. The company has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 136.25, a PEG ratio of 0.35 and a beta of 2.04.

Birchcliff Energy (TSE:BIR) last announced its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.09). Birchcliff Energy had a net margin of 1.40% and a return on equity of 0.42%. The business had revenue of C$183.30 million during the quarter. On average, sell-side analysts predict that Birchcliff Energy will post 0.0898464 earnings per share for the current fiscal year.

Birchcliff Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date of this dividend was Thursday, March 14th. Birchcliff Energy’s payout ratio is currently 1,000.00%.

Insider Transactions at Birchcliff Energy

In other Birchcliff Energy news, Senior Officer Christopher Andrew Carlsen sold 200,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of C$5.00, for a total value of C$1,000,000.00. Corporate insiders own 1.50% of the company’s stock.

Birchcliff Energy Company Profile

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.