Birchcliff Energy Ltd. (TSE:BIR) Receives C$8.50 Consensus Price Target from Analysts

Birchcliff Energy Ltd. (TSE:BIR) has been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$8.50.

A number of brokerages have issued reports on BIR. Canadian Imperial Bank of Commerce downgraded Birchcliff Energy from an “outperform” rating to a “hold” rating and lowered their price target for the stock from C$9.50 to C$8.50 in a research report on Tuesday, January 13th. Haywood Securities upped their target price on Birchcliff Energy from C$8.00 to C$10.00 in a research note on Monday, December 22nd. Finally, BMO Capital Markets upgraded Birchcliff Energy from a “hold” rating to an “outperform” rating and increased their target price for the company from C$7.50 to C$8.50 in a research report on Monday, December 15th.

Birchcliff Energy Trading Down 1.0%

Shares of TSE:BIR opened at C$6.94 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 27.63. Birchcliff Energy has a 12-month low of C$4.89 and a 12-month high of C$8.19. The business has a 50 day moving average of C$7.18 and a two-hundred day moving average of C$6.74. The company has a market capitalization of C$1.91 billion, a PE ratio of 25.70, a PEG ratio of 0.35 and a beta of 0.07.

Birchcliff Energy (TSE:BIR) last announced its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported C$0.10 earnings per share (EPS) for the quarter. The firm had revenue of C$164.42 million for the quarter. Birchcliff Energy had a net margin of 2.04% and a return on equity of 0.70%. As a group, analysts forecast that Birchcliff Energy will post 0.1118631 EPS for the current year.

Birchcliff Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, December 15th. Birchcliff Energy’s dividend payout ratio is 70.37%.

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. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes.