Birchcliff Energy Ltd. (TSE:BIR) Receives C$6.33 Consensus Target Price from Brokerages

Shares of Birchcliff Energy Ltd. (TSE:BIR) have been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$6.36.

A number of research analysts have recently weighed in on the company. ATB Capital cut their price target on Birchcliff Energy from C$8.00 to C$7.50 in a research note on Thursday, February 15th. CIBC raised their target price on Birchcliff Energy from C$5.00 to C$5.75 in a report on Thursday, March 14th. BMO Capital Markets boosted their target price on Birchcliff Energy from C$5.25 to C$5.50 in a research report on Thursday, March 28th. Canaccord Genuity Group lifted their price objective on shares of Birchcliff Energy from C$5.25 to C$5.50 and gave the stock a “hold” rating in a research note on Wednesday. Finally, TD Securities decreased their price objective on shares of Birchcliff Energy from C$6.00 to C$5.50 and set a “hold” rating for the company in a report on Thursday, January 18th.

Birchcliff Energy Stock Down 2.0 %

Shares of TSE:BIR opened at C$5.45 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.91 and a debt-to-equity ratio of 17.29. The firm has a market cap of C$1.46 billion, a P/E ratio of 136.25, a P/E/G ratio of 0.35 and a beta of 2.04. Birchcliff Energy has a 12 month low of C$4.61 and a 12 month high of C$8.68. The company’s 50-day moving average price is C$5.37 and its two-hundred day moving average price is C$6.10.

Birchcliff Energy (TSE:BIR) last posted its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.09). The firm had revenue of C$183.30 million for the quarter. Birchcliff Energy had a return on equity of 0.42% and a net margin of 1.40%. As a group, research analysts forecast that Birchcliff Energy will post 0.0898464 EPS for the current fiscal year.

Birchcliff Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date was Thursday, March 14th. Birchcliff Energy’s payout ratio is presently 1,000.00%.

Insiders Place Their Bets

In related news, Senior Officer Christopher Andrew Carlsen sold 200,000 shares of Birchcliff Energy stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of C$5.00, for a total value of C$1,000,000.00. Corporate insiders own 1.50% of the company’s stock.

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.