Birchcliff Energy (TSE:BIR - Free Report) had its price target cut by Canaccord Genuity Group from C$6.00 to C$5.75 in a research note released on Friday,BayStreet.CA reports.
Several other equities analysts have also commented on BIR. TD Securities dropped their price target on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Scotiabank reduced 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 research report on Wednesday, October 16th. Cormark upgraded shares of Birchcliff Energy to a "strong-buy" rating in a report on Monday, September 23rd. Finally, National Bankshares reduced their target price on Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. Eight analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Birchcliff Energy currently has a consensus rating of "Hold" and a consensus target price of C$6.45.
Check Out Our Latest Analysis on Birchcliff Energy
Birchcliff Energy Trading Down 3.7 %
Shares of BIR stock traded down C$0.19 during mid-day trading on Friday, hitting C$4.94. 2,539,000 shares of the company's stock were exchanged, compared to its average volume of 1,274,992. The stock has a market cap of C$1.33 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 0.35 and a beta of 1.93. The stock has a 50-day simple moving average of C$5.47 and a two-hundred day simple moving average of C$5.79. Birchcliff Energy has a fifty-two week low of C$4.61 and a fifty-two week high of C$7.01. 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 (TSE:BIR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 EPS for the quarter, beating the consensus estimate of C($0.01) by C$0.18. The company had revenue of C$146.98 million during the quarter. Birchcliff Energy had a return on equity of 1.81% and a net margin of 6.24%. Equities analysts expect that Birchcliff Energy will post 0.1118631 EPS for the current fiscal year.
Birchcliff Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.10%. The ex-dividend date was Friday, September 13th. Birchcliff Energy's dividend payout ratio (DPR) is presently 250.00%.
About Birchcliff Energy
(
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Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.
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