Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Robyn Bourgeois Sells 2,300 Shares

Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) Senior Officer Robyn Bourgeois sold 2,300 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of C$6.48, for a total transaction of C$14,904.00.

Birchcliff Energy Stock Performance

Shares of BIR stock traded up C$0.14 during trading on Tuesday, reaching C$6.82. 1,694,976 shares of the company's stock traded hands, compared to its average volume of 1,489,119. The firm's 50-day moving average is C$5.85 and its 200 day moving average is C$5.54. The company has a market capitalization of C$1.85 billion, a P/E ratio of 119.46, a PEG ratio of 0.35 and a beta of 1.93. Birchcliff Energy Ltd. has a 1 year low of C$4.53 and a 1 year high of C$6.84. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 27.63.

Birchcliff Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Friday, March 14th. Birchcliff Energy's payout ratio is currently 700.63%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BIR shares. Canaccord Genuity Group raised Birchcliff Energy from a "hold" rating to a "buy" rating and increased their price target for the company from C$6.00 to C$7.00 in a research report on Thursday, March 13th. CIBC upgraded Birchcliff Energy from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from C$7.00 to C$8.00 in a research note on Thursday, March 13th. Cibc World Mkts upgraded shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 13th. Cormark raised shares of Birchcliff Energy to a "strong-buy" rating in a research report on Thursday, March 13th. Finally, National Bank Financial raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$7.04.

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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.