Birchcliff Energy (TSE:BIR) Shares Cross Above 200-Day Moving Average of $5.75

Birchcliff Energy Ltd. (TSE:BIR) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.75 and traded as high as C$5.94. Birchcliff Energy shares last traded at C$5.86, with a volume of 891,836 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BIR shares. Canaccord Genuity Group boosted their price objective on shares of Birchcliff Energy from C$5.25 to C$5.50 and gave the company a “hold” rating in a research report on Wednesday, April 17th. CIBC upped their target price on Birchcliff Energy from C$5.00 to C$5.75 in a report on Thursday, March 14th. ATB Capital reduced their target price on shares of Birchcliff Energy from C$8.00 to C$7.50 in a research note on Thursday, February 15th. Finally, BMO Capital Markets upped their price target on shares of Birchcliff Energy from C$5.50 to C$6.00 in a report on Thursday, May 16th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$6.42.

Birchcliff Energy Trading Up 0.5 %

The firm has a market capitalization of C$1.58 billion, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 0.35 and a beta of 2.01. The business’s fifty day moving average is C$5.59 and its 200 day moving average is C$5.75. The company has a quick ratio of 0.97, a current ratio of 0.73 and a debt-to-equity ratio of 20.12.

Birchcliff Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.40 annualized dividend and a dividend yield of 6.83%. Birchcliff Energy’s dividend payout ratio is currently 285.71%.

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.