National Bankshares Analysts Give Birchcliff Energy (TSE:BIR) a C$8.00 Price Target

National Bankshares set a C$8.00 price target on Birchcliff Energy (TSE:BIR) in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the oil and natural gas company’s stock.

Other equities research analysts have also recently issued research reports about the stock. National Bank Financial raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. TD Securities raised shares of Birchcliff Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from C$5.50 to C$7.00 in a report on Thursday, January 30th. Scotiabank raised shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a report on Friday, January 17th. Canaccord Genuity Group lowered their target price on shares of Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. Finally, CIBC raised shares of Birchcliff Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$7.00 to C$8.00 in a report on Thursday. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$7.04.

Birchcliff Energy Trading Up 0.2 %

TSE:BIR opened at C$5.74 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 27.63. The stock has a market capitalization of C$1.56 billion, a PE ratio of 100.54, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. The firm’s 50 day moving average is C$5.72 and its 200 day moving average is C$5.52. 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. Stockholders of record on Monday, March 31st will be given a dividend of $0.03 per share. The ex-dividend date is Friday, March 14th. This represents a $0.12 annualized dividend and a dividend yield of 2.09%. Birchcliff Energy’s payout ratio is 700.63%.

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.