Canaccord Genuity Group Issues Pessimistic Forecast for Birchcliff Energy (TSE:BIR) Stock Price

Birchcliff Energy (TSE:BIR) had its price target reduced by Canaccord Genuity Group from C$6.00 to C$5.75 in a report published on Friday,BayStreet.CA reports.

A number of other analysts also recently issued reports on BIR. TD Securities dropped their target price on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Scotiabank reduced their target price on shares of 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. Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a report on Monday, September 23rd. Finally, National Bankshares decreased their target price on Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. Eight research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$6.45.

Birchcliff Energy Trading Up 3.0 %

Shares of BIR opened at C$5.09 on Friday. Birchcliff Energy has a twelve month low of C$4.61 and a twelve month high of C$6.94. The firm has a market capitalization of C$1.37 billion, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26. The stock’s fifty day simple moving average is C$5.47 and its 200 day simple moving average is C$5.80.

Birchcliff Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 7.86%. The ex-dividend date of this dividend was Friday, September 13th. Birchcliff Energy’s dividend payout ratio (DPR) is currently 250.00%.

Birchcliff Energy Company Profile

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.