Birchcliff Energy (TSE:BIR) Stock Passes Above 200 Day Moving Average - What's Next?

Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$5.61 and traded as high as C$5.96. Birchcliff Energy shares last traded at C$5.79, with a volume of 936,178 shares changing hands.

Wall Street Analysts Forecast Growth

BIR has been the topic of several recent research reports. Scotiabank decreased their price objective on Birchcliff Energy from C$7.50 to C$7.00 and set a "sector perform" rating on the stock in a report on Wednesday, October 16th. Canaccord Genuity Group decreased their price target on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research note on Friday, November 15th. National Bankshares dropped their price objective on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. Cormark raised shares of Birchcliff Energy to a "strong-buy" rating in a research note on Monday, September 23rd. Finally, TD Securities cut their price target on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. Seven investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Birchcliff Energy currently has a consensus rating of "Hold" and an average target price of C$6.45.

Birchcliff Energy Trading Down 3.3 %

The company's fifty day moving average price is C$5.23 and its two-hundred day moving average price is C$5.61. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26. The company has a market cap of C$1.51 billion, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93.

Birchcliff Energy Dividend Announcement

The firm 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 was Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of 7.14%. Birchcliff Energy's dividend payout ratio is 250.00%.

Insiders Place Their Bets

In other news, Senior Officer Hue Tran sold 31,400 shares of the company's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of C$5.02, for a total transaction of C$157,628.00. Also, Director Aaron Jeffery Tonken sold 200,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$5.53, for a total transaction of C$1,106,000.00. Over the last quarter, insiders have sold 260,000 shares of company stock valued at $1,409,488. 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.