Birchcliff Energy Ltd. (TSE:BIR) Receives Average Rating of "Hold" from Analysts

Shares of Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) have been assigned an average rating of "Hold" from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$6.45.

Several equities analysts have commented on the stock. National Bankshares dropped their price target on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. TD Securities cut their price target on Birchcliff Energy from C$5.50 to C$5.00 in a report on Tuesday, October 1st. Cormark raised Birchcliff Energy to a "strong-buy" rating in a research report on Monday, September 23rd. Canaccord Genuity Group lowered their price objective on Birchcliff Energy from C$6.00 to C$5.75 in a research report on Friday, November 15th. Finally, Scotiabank cut their target price 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.

Insider Buying and Selling at Birchcliff Energy

In other news, Director Aaron Jeffery Tonken sold 200,000 shares of Birchcliff Energy stock in a transaction on 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 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. Insiders sold 260,000 shares of company stock worth $1,409,488 over the last 90 days. Corporate insiders own 1.55% of the company's stock.

Birchcliff Energy Stock Down 3.3 %

Shares of BIR stock traded down C$0.19 during trading on Thursday, reaching C$5.60. The company's stock had a trading volume of 1,397,725 shares, compared to its average volume of 912,616. The company has a market capitalization of C$1.51 billion, a price-to-earnings ratio of 35.00, a P/E/G ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a 1-year low of C$4.53 and a 1-year high of C$6.54. The company has a debt-to-equity ratio of 22.26, a current ratio of 1.52 and a quick ratio of 0.97. The stock's 50-day moving average price is C$5.23 and its 200 day moving average price is C$5.61.

Birchcliff Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of 7.14%. Birchcliff Energy's dividend payout ratio (DPR) is presently 250.00%.

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.