Analysts Set Birchcliff Energy Ltd. (TSE:BIR) Target Price at C$6.45

Shares of Birchcliff Energy Ltd. (TSE:BIR) have been given a consensus rating of “Moderate Buy” by the four ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$6.25.

BIR has been the subject of a number of recent analyst reports. CIBC upped their price target on shares of Birchcliff Energy from C$5.75 to C$6.00 in a research report on Friday. Canaccord Genuity Group lowered their target price on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research note on Friday, November 15th. Scotiabank upgraded Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research note on Friday. National Bankshares lowered their price objective on Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. Finally, Cormark raised Birchcliff Energy to a “strong-buy” rating in a research note on Monday, September 23rd.

Birchcliff Energy Trading Up 3.1 %

Shares of TSE:BIR opened at C$5.97 on Thursday. The stock has a 50 day moving average of C$5.26 and a 200 day moving average of C$5.61. The company has a market cap of C$1.61 billion, a PE ratio of 37.31, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a 12-month low of C$4.53 and a 12-month high of C$6.54. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26.

Birchcliff Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.70%. The ex-dividend date was Friday, December 13th. Birchcliff Energy’s payout ratio is currently 250.00%.

Insider Activity

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

About Birchcliff Energy

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.