Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.57 and traded as high as C$6.03. Birchcliff Energy shares last traded at C$5.98, with a volume of 841,273 shares.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Scotiabank raised shares of Birchcliff Energy from a "sector perform" rating to an "outperform" rating in a research report on Friday, January 17th. TD Securities upgraded Birchcliff Energy from a "hold" rating to a "buy" rating and boosted their price target for the company from C$5.50 to C$7.00 in a research note on Thursday, January 30th. CIBC upgraded shares of Birchcliff Energy from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from C$7.00 to C$8.00 in a research report on Thursday, March 13th. Canaccord Genuity Group upgraded Birchcliff Energy from a "hold" rating to a "buy" rating and lifted their price target for the stock from C$6.00 to C$7.00 in a research report on Thursday, March 13th. Finally, Raymond James set a C$7.50 target price on Birchcliff Energy and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$7.09.
Check Out Our Latest Report on Birchcliff Energy
Birchcliff Energy Price Performance
The firm has a market capitalization of C$1.65 billion, a P/E ratio of 106.50, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. The business has a fifty day moving average of C$5.90 and a 200-day moving average of C$5.59. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01.
Birchcliff Energy Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Friday, March 14th. Birchcliff Energy's dividend payout ratio is 700.63%.
Insider Activity
In other Birchcliff Energy news, Senior Officer Hue Tran sold 30,000 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of C$6.30, for a total transaction of C$189,000.00. Corporate insiders own 1.55% of the company's stock.
Birchcliff Energy Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Birchcliff Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Birchcliff Energy wasn't on the list.
While Birchcliff Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
