Birchcliff Energy (TSE:BIR) Price Target Raised to C$5.00

Birchcliff Energy (TSE:BIR) had its price objective upped by Royal Bank of Canada from C$4.00 to C$5.00 in a research note released on Thursday morning, PriceTargets.com reports. The brokerage currently has a na rating on the oil and natural gas company’s stock.

A number of other equities analysts have also recently weighed in on the stock. Tudor Pickering reaffirmed a buy rating on shares of Birchcliff Energy in a research report on Thursday, May 13th. Scotiabank increased their price objective on shares of Birchcliff Energy from C$4.50 to C$5.00 in a research report on Thursday, April 15th. Canaccord Genuity increased their price objective on shares of Birchcliff Energy from C$3.00 to C$3.50 in a research report on Friday, February 12th. BMO Capital Markets raised shares of Birchcliff Energy from a market perform rating to an outperform rating and increased their price objective for the stock from C$3.70 to C$4.25 in a research report on Thursday, May 13th. Finally, TD Securities increased their target price on shares of Birchcliff Energy from C$3.00 to C$4.00 and gave the stock a buy rating in a report on Friday, February 12th. Ten equities research analysts have rated the stock with a buy rating, Birchcliff Energy currently has a consensus rating of Buy and an average price target of C$4.29.

Birchcliff Energy stock opened at C$4.05 on Thursday. The company has a 50 day moving average price of C$3.21. Birchcliff Energy has a 1-year low of C$1.04 and a 1-year high of C$4.11. The company has a debt-to-equity ratio of 45.90, a quick ratio of 0.30 and a current ratio of 0.31. The stock has a market cap of C$1.08 billion and a PE ratio of 202.50.

Birchcliff Energy (TSE:BIR) last posted its quarterly earnings data on Wednesday, May 12th. The oil and natural gas company reported C$0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.15. The company had revenue of C$185.61 million for the quarter. On average, research analysts forecast that Birchcliff Energy will post 0.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Wednesday, June 30th will be issued a $0.005 dividend. The ex-dividend date is Monday, June 14th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.49%. Birchcliff Energy’s payout ratio is 100.00%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, acquires, explores for, develops, and produces natural gas, light oil, condensate, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other assets located in the Peace River Arch area of Alberta.

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Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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