Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Sells C$189,000.00 in Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Hue Tran sold 30,000 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of C$6.30, for a total value of C$189,000.00.

Birchcliff Energy Stock Up 1.4 %

TSE BIR traded up C$0.09 on Monday, hitting C$6.42. 616,124 shares of the company were exchanged, compared to its average volume of 1,462,189. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 27.63. The company has a market cap of C$1.74 billion, a PE ratio of 112.45, a PEG ratio of 0.35 and a beta of 1.93. The stock has a fifty day moving average of C$5.75 and a 200-day moving average of C$5.51. Birchcliff Energy Ltd. has a 12 month low of C$4.53 and a 12 month high of C$6.54.

Birchcliff Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a dividend of $0.03 per share. The ex-dividend date is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.87%. Birchcliff Energy’s dividend payout ratio (DPR) is presently 700.63%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. CIBC upgraded shares of Birchcliff Energy from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$7.00 to C$8.00 in a research report on Thursday, March 13th. TD Securities raised Birchcliff Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from C$5.50 to C$7.00 in a research report on Thursday, January 30th. Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a research report on Thursday, March 13th. Scotiabank upgraded Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research report on Friday, January 17th. Finally, Canaccord Genuity Group upgraded Birchcliff Energy from a “hold” rating to a “buy” rating and upped their target price for the company from C$6.00 to C$7.00 in a report on Thursday, March 13th. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$7.04.

Birchcliff Energy Company Profile

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.