Birchcliff Energy (TSE:BIR) Price Target Increased to C$7.50 by Analysts at Scotiabank

Birchcliff Energy (TSE:BIR) had its price objective lifted by Scotiabank from C$7.00 to C$7.50 in a research report report published on Friday, BayStreet.CA reports.

Other research analysts have also issued reports about the company. Canaccord Genuity Group raised their target price on Birchcliff Energy from C$5.50 to C$6.00 and gave the stock a hold rating in a research report on Wednesday, June 5th. BMO Capital Markets lifted their price objective on Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd. Finally, CIBC lifted their price objective on Birchcliff Energy from C$5.00 to C$5.75 in a research report on Thursday, March 14th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of C$6.63.

Birchcliff Energy Stock Down 0.6 %

Shares of TSE:BIR opened at C$6.35 on Friday. The firm has a market cap of C$1.71 billion, a P/E ratio of 45.36, a P/E/G ratio of 0.35 and a beta of 2.01. 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 has a 12-month low of C$4.61 and a 12-month high of C$8.68. The business has a fifty day simple moving average of C$6.06 and a 200 day simple moving average of C$5.65.

Birchcliff Energy (TSE:BIR) last announced its earnings results on Wednesday, May 15th. The oil and natural gas company reported C($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.05). The company had revenue of C$163.30 million for the quarter. Birchcliff Energy had a return on equity of 1.65% and a net margin of 5.57%. Analysts predict that Birchcliff Energy will post 0.0911973 earnings per share for the current year.

Birchcliff Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were paid a $0.10 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.40 annualized dividend and a dividend yield of 6.30%. Birchcliff Energy’s dividend payout ratio is presently 285.71%.

Insider Activity

In other news, Senior Officer Robyn Bourgeois sold 33,333 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$6.22, for a total value of C$207,404.59. In other news, Senior Officer Robyn Bourgeois sold 33,333 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$6.22, for a total value of C$207,404.59. Also, Senior Officer Hue Tran sold 30,000 shares of the firm’s stock in a transaction dated Thursday, July 4th. The shares were sold at an average price of C$6.32, for a total value of C$189,609.00. 1.56% of the stock is currently owned by company insiders.

About Birchcliff Energy

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.