Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$5.56 and traded as high as C$5.95. Birchcliff Energy shares last traded at C$5.79, with a volume of 774,326 shares changing hands.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on BIR. CIBC boosted their price target on Birchcliff Energy from C$5.75 to C$6.00 in a research note on Friday, January 17th. Canaccord Genuity Group dropped their price target on Birchcliff Energy from C$6.00 to C$5.75 in a research note on Friday, November 15th. National Bankshares raised Birchcliff Energy from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$6.00 to C$8.00 in a research note on Thursday, January 30th. TD Securities raised 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. Finally, National Bank Financial raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating, three have given a buy rating and two 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$6.71.
Check Out Our Latest Stock Report on BIR
Birchcliff Energy Price Performance
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 business has a 50-day moving average price of C$5.58 and a two-hundred day moving average price of C$5.56. The company has a market capitalization of C$1.58 billion, a price-to-earnings ratio of 102.29, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93.
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 issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 6.85%. Birchcliff Energy's dividend payout ratio (DPR) is currently 700.63%.
Insider Buying and Selling
In related 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 transaction of C$145,860.00. 1.55% of the stock is currently owned by corporate insiders.
Birchcliff Energy Company Profile
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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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