Birchcliff Energy Ltd. (TSE:BIR) Receives Consensus Rating of “Hold” from Analysts

Birchcliff Energy Ltd. (TSE:BIR) has been given an average recommendation of “Hold” by the eight analysts that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$6.63.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd. Scotiabank increased their price target on shares of Birchcliff Energy from C$7.00 to C$7.50 in a research note on Friday, July 12th. Finally, Canaccord Genuity Group increased their price target on shares of Birchcliff Energy from C$5.50 to C$6.00 and gave the stock a “hold” rating in a research note on Wednesday, June 5th.

Birchcliff Energy Stock Down 1.7 %

Shares of TSE:BIR opened at C$5.85 on Thursday. The company has a debt-to-equity ratio of 20.12, a quick ratio of 0.97 and a current ratio of 0.73. The company has a market cap of C$1.57 billion, a PE ratio of 41.79, a price-to-earnings-growth ratio of 0.35 and a beta of 2.01. Birchcliff Energy has a 52 week low of C$4.61 and a 52 week high of C$8.68. The firm has a 50 day simple moving average of C$6.11 and a 200 day simple moving average of C$5.67.

Birchcliff Energy (TSE:BIR) last released 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 analysts’ consensus estimates of C($0.01) by C($0.05). Birchcliff Energy had a return on equity of 1.65% and a net margin of 5.57%. The company had revenue of C$163.30 million during the quarter. As a group, research analysts expect that Birchcliff Energy will post 0.0911973 earnings per share for the current year.

Birchcliff Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.40 dividend on an annualized basis and a yield of 6.84%. Birchcliff Energy’s payout ratio is presently 285.71%.

Insider Activity at Birchcliff Energy

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