Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) Senior Officer Hue Tran sold 30,000 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$6.30, for a total value of C$189,000.00.
Birchcliff Energy Stock Up 0.1 %
Shares of BIR traded up C$0.01 on Friday, hitting C$6.68. The company's stock had a trading volume of 323,997 shares, compared to its average volume of 1,470,803. The firm has a market capitalization of C$1.81 billion, a price-to-earnings ratio of 117.01, a P/E/G ratio of 0.35 and a beta of 1.93. Birchcliff Energy Ltd. has a fifty-two week low of C$4.53 and a fifty-two week high of C$6.83. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63. The firm's fifty day moving average price is C$5.82 and its 200-day moving average price is C$5.53.
Birchcliff Energy Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, March 14th. Birchcliff Energy's dividend payout ratio (DPR) is presently 700.63%.
Analyst Ratings Changes
BIR has been the subject of a number of recent research reports. Cibc World Mkts raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 13th. Canaccord Genuity Group upgraded shares of Birchcliff Energy from a "hold" rating to a "buy" rating and upped their target price for the company from C$6.00 to C$7.00 in a research report on Thursday, March 13th. National Bank Financial raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Scotiabank raised Birchcliff Energy from a "sector perform" rating to an "outperform" rating in a research note on Friday, January 17th. Finally, CIBC upgraded Birchcliff Energy from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from C$7.00 to C$8.00 in a research report on Thursday, March 13th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Birchcliff Energy has a consensus rating of "Buy" and a consensus target price of C$7.04.
Check Out Our Latest Report on BIR
About Birchcliff Energy
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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.
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