Birchcliff Energy (TSE:BIR) Reaches New 1-Year Low - Here's Why

Shares of Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as C$0.00 and last traded at C$5.53, with a volume of 299822 shares traded. The stock had previously closed at C$5.54.

Analysts Set New Price Targets

Several research firms recently weighed in on BIR. CIBC raised their target price on shares of Birchcliff Energy from C$5.75 to C$6.00 in a research note on Friday, January 17th. TD Securities upgraded Birchcliff Energy from a "hold" rating to a "buy" rating and raised their price objective for the company from C$5.50 to C$7.00 in a research report on Thursday, January 30th. National Bankshares upgraded Birchcliff Energy from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from C$6.00 to C$8.00 in a research report on Thursday, January 30th. National Bank Financial upgraded Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. Finally, Canaccord Genuity Group decreased their price objective on Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$6.71.

Birchcliff Energy Stock Down 0.2 %

The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01. The company has a fifty day moving average of C$5.72 and a two-hundred day moving average of C$5.53. The company has a market cap of C$1.41 billion, a PE ratio of 91.08, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93.

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Birchcliff Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.31%. Birchcliff Energy's dividend payout ratio is presently 700.63%.

Insider Buying and Selling

In other Birchcliff Energy news, Senior Officer Hue Tran sold 28,600 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$5.10, for a total value of C$145,860.00. 1.55% of the stock is currently owned by corporate insiders.

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.