Birchcliff Energy Ltd. (TSE:BIR) Given Consensus Rating of “Buy” by Analysts

Shares of Birchcliff Energy Ltd. (TSE:BIR) have earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$6.71.

Several analysts have recently issued reports on BIR shares. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. 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. National Bankshares raised shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$6.00 to C$8.00 in a research note on Thursday, January 30th. Scotiabank upgraded shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a report on Friday, January 17th. Finally, TD Securities raised shares of Birchcliff Energy from a “hold” rating to a “buy” rating and increased their price target for the company from C$5.50 to C$7.00 in a report on Thursday, January 30th.

Insider Activity

In related news, Senior Officer Hue Tran sold 28,600 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$5.10, for a total transaction of C$145,860.00. Insiders own 1.55% of the company’s stock.

Birchcliff Energy Price Performance

TSE:BIR opened at C$5.21 on Friday. The company has a market capitalization of C$1.41 billion, a P/E ratio of 91.26, a P/E/G ratio of 0.35 and a beta of 1.93. The business’s 50-day moving average is C$5.72 and its 200 day moving average is C$5.53. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 27.63. Birchcliff Energy has a 12 month low of C$4.53 and a 12 month high of C$6.54.

Birchcliff Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Friday, March 14th. Birchcliff Energy’s dividend payout ratio (DPR) is 700.63%.

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.