Birchcliff Energy Ltd. (TSE:BIR) Given Average Rating of "Hold" by Analysts

Shares of Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) have been given a consensus recommendation of "Hold" by the ten analysts that are currently covering the stock, Marketbeat reports. Eight 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 company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$6.45.

BIR has been the subject of several analyst reports. Scotiabank cut their price target on shares of Birchcliff Energy from C$7.50 to C$7.00 and set a "sector perform" rating for the company in a research report on Wednesday, October 16th. TD Securities cut their price target on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Cormark upgraded shares of Birchcliff Energy to a "strong-buy" rating in a research report on Monday, September 23rd. National Bankshares cut their price target on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. Finally, Canaccord Genuity Group cut their price target on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research report on Friday, November 15th.

Insiders Place Their Bets

In other Birchcliff Energy news, Director Aaron Jeffery Tonken sold 200,000 shares of the firm'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. 1.55% of the stock is currently owned by company insiders.

Birchcliff Energy Stock Down 3.1 %

BIR opened at C$5.25 on Wednesday. The stock has a market cap of C$1.41 billion, a PE ratio of 32.81, a P/E/G ratio of 0.35 and a beta of 1.93. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26. Birchcliff Energy has a 52 week low of C$4.61 and a 52 week high of C$6.84. The business's fifty day simple moving average is C$5.43 and its 200 day simple moving average is C$5.79.

Birchcliff Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a $0.10 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.40 annualized dividend and a yield of 7.62%. Birchcliff Energy's dividend payout ratio (DPR) is presently 250.00%.

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.