Birchcliff Energy Ltd. (TSE:BIR) Given Average Rating of "Hold" by Analysts

Shares of Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) have been given a consensus rating of "Hold" by the nine ratings firms that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$6.58.

A number of equities research analysts have commented on BIR shares. TD Securities reduced their price objective on Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. Scotiabank raised their target price on Birchcliff Energy from C$7.00 to C$7.50 in a report on Friday, July 12th. National Bankshares dropped their price target on Birchcliff Energy from C$6.50 to C$6.00 in a report on Friday, September 27th. Canaccord Genuity Group lifted their price target on Birchcliff Energy from C$6.00 to C$6.50 in a report on Thursday, August 15th. Finally, Cormark upgraded Birchcliff Energy to a "strong-buy" rating in a report on Monday, September 23rd.

Birchcliff Energy Trading Up 0.7 %

TSE BIR opened at C$5.95 on Tuesday. The company has a debt-to-equity ratio of 22.26, a current ratio of 1.52 and a quick ratio of 0.97. Birchcliff Energy has a one year low of C$4.61 and a one year high of C$8.11. The business has a 50 day simple moving average of C$5.82 and a 200 day simple moving average of C$5.81. The stock has a market capitalization of C$1.60 billion, a P/E ratio of 37.19, a P/E/G ratio of 0.35 and a beta of 1.93.

Birchcliff Energy (TSE:BIR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The oil and natural gas company reported C$0.17 EPS for the quarter, beating analysts' consensus estimates of C($0.01) by C$0.18. Birchcliff Energy had a return on equity of 1.81% and a net margin of 6.24%. The firm had revenue of C$146.98 million during the quarter. Research analysts expect that Birchcliff Energy will post 0.1118631 earnings per share for the current year.

Birchcliff Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a $0.10 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.40 annualized dividend and a dividend yield of 6.72%. Birchcliff Energy's payout ratio is presently 250.00%.

About Birchcliff Energy

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.