Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Robyn Bourgeois Sells 2,300 Shares

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Robyn Bourgeois sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$6.48, for a total value of C$14,904.00.

Birchcliff Energy Stock Performance

Shares of TSE:BIR traded down C$0.02 during midday trading on Friday, reaching C$6.65. 468,032 shares of the company’s stock traded hands, compared to its average volume of 1,473,386. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01. Birchcliff Energy Ltd. has a one year low of C$4.53 and a one year high of C$6.83. The company has a market cap of C$1.80 billion, a price-to-earnings ratio of 116.48, a P/E/G ratio of 0.35 and a beta of 1.93. The stock has a 50 day moving average of C$5.82 and a 200 day moving average of C$5.53.

Birchcliff Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Friday, March 14th. Birchcliff Energy’s dividend payout ratio is currently 700.63%.

Analysts Set New Price Targets

BIR has been the subject of a number of research reports. CIBC raised shares of Birchcliff Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from C$7.00 to C$8.00 in a research note on Thursday, March 13th. Canaccord Genuity Group raised shares of Birchcliff Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$6.00 to C$7.00 in a research note on Thursday, March 13th. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a research note on Thursday, March 13th. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, Scotiabank upgraded Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Birchcliff Energy presently has a consensus rating of “Buy” and a consensus price target of C$7.04.

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.