Shares of Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.65 and traded as low as C$5.10. Birchcliff Energy shares last traded at C$5.32, with a volume of 1,321,155 shares.
Wall Street Analyst Weigh In
BIR has been the topic of several research analyst reports. TD Securities cut their target price on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. National Bankshares cut their price objective on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. Cormark raised Birchcliff Energy to a "strong-buy" rating in a research report on Monday, September 23rd. Scotiabank cut their price target 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. 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. Eight research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of C$6.45.
Get Our Latest Stock Analysis on BIR
Birchcliff Energy Stock Performance
The company has a market cap of C$1.46 billion, a PE ratio of 33.88, a PEG ratio of 0.35 and a beta of 1.93. The company has a 50-day moving average of C$5.11 and a 200-day moving average of C$5.64. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26.
Birchcliff Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 7.38%. Birchcliff Energy's payout ratio is 250.00%.
Insider Activity
In other news, Senior Officer Hue Tran sold 31,400 shares of the 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 Birchcliff Energy stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$5.53, for a total transaction of C$1,106,000.00. Insiders sold a total of 260,000 shares of company stock worth $1,409,488 over the last quarter. 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.
Read More
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 "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
