Birchcliff Energy Ltd. (TSE:BIR - Get Free Report)'s share price traded up 12.1% during trading on Thursday . The stock traded as high as C$5.95 and last traded at C$5.94. 448,563 shares traded hands during trading, a decline of 63% from the average session volume of 1,226,750 shares. The stock had previously closed at C$5.30.
Analysts Set New Price Targets
Several research firms have recently issued reports on BIR. Scotiabank upgraded Birchcliff Energy from a "sector perform" rating to an "outperform" rating in a research report on Friday, January 17th. TD Securities raised Birchcliff Energy from a "hold" rating to a "buy" rating and increased their target price for the company from C$5.50 to C$7.00 in a research note on Thursday, January 30th. Cibc World Mkts upgraded Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday. CIBC upgraded shares of Birchcliff Energy from a "neutral" rating to an "outperform" rating and increased their price target for the company from C$7.00 to C$8.00 in a research report on Thursday. Finally, National Bankshares set a C$8.00 price objective on shares of Birchcliff Energy and gave the company an "outperform" rating in a report on Thursday. One analyst has rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Birchcliff Energy currently has a consensus rating of "Buy" and an average target price of C$7.04.
Read Our Latest Analysis on Birchcliff Energy
Birchcliff Energy Trading Up 1.7 %
The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 27.63. The firm has a market capitalization of C$1.58 billion, a P/E ratio of 102.29, a PEG ratio of 0.35 and a beta of 1.93. The business has a 50 day moving average of C$5.72 and a 200-day moving average of C$5.51.
Birchcliff Energy Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, March 14th. Birchcliff Energy's dividend payout ratio is 700.63%.
About Birchcliff Energy
(
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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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