Birchcliff Energy Ltd. Declares Quarterly Dividend of $0.10 (TSE:BIR)

Birchcliff Energy Ltd. (TSE:BIR) announced a quarterly dividend on Friday, December 13th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.10 per share by the oil and natural gas company on Tuesday, December 31st. This represents a $0.40 annualized dividend and a yield of 7.89%. The ex-dividend date is Friday, December 13th.

Birchcliff Energy Stock Performance

Shares of BIR traded up C$0.04 during trading hours on Wednesday, hitting C$5.07. The stock had a trading volume of 242,044 shares, compared to its average volume of 1,278,260. The stock has a fifty day moving average price of C$5.33 and a 200 day moving average price of C$5.74. The firm has a market capitalization of C$1.37 billion, a PE ratio of 31.44, a PEG ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a 12 month low of C$4.61 and a 12 month high of C$6.54. The company has a debt-to-equity ratio of 22.26, a current ratio of 1.52 and a quick ratio of 0.97.

Insider Activity at Birchcliff Energy

In related news, Director Aaron Jeffery Tonken sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$5.53, for a total value of C$1,106,000.00. Also, Senior Officer Hue Tran sold 31,400 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$5.02, for a total value of C$157,628.00. In the last 90 days, insiders sold 260,000 shares of company stock worth $1,409,488. 1.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BIR. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Canaccord Genuity Group dropped their price target on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research report on Friday, November 15th. Scotiabank reduced their target price on Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. TD Securities cut their target price on Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. Finally, National Bankshares lowered their price objective on shares of 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$6.45.

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.