National Bankshares Trims Birchcliff Energy (TSE:BIR) Target Price to C$6.00

Birchcliff Energy (TSE:BIR) had its target price decreased by National Bankshares from C$6.50 to C$6.00 in a research report released on Friday, BayStreet.CA reports.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group increased their price objective on Birchcliff Energy from C$6.00 to C$6.50 in a research note on Thursday, August 15th. BMO Capital Markets increased their price target on Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd. Cormark raised Birchcliff Energy to a strong-buy rating in a research report on Monday, September 23rd. Finally, Scotiabank raised their target price on shares of Birchcliff Energy from C$7.00 to C$7.50 in a report on Friday, July 12th. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Birchcliff Energy currently has an average rating of Hold and a consensus target price of C$6.63.

Birchcliff Energy Stock Up 2.2 %

Shares of TSE:BIR opened at C$5.55 on Friday. The company has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 0.35 and a beta of 1.95. Birchcliff Energy has a 12-month low of C$4.61 and a 12-month high of C$8.11. The business has a 50-day moving average price of C$5.86 and a 200 day moving average price of C$5.80. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26.

Birchcliff Energy (TSE:BIR) last posted its earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.01) by C$0.18. Birchcliff Energy had a return on equity of 1.81% and a net margin of 6.24%. The firm had revenue of C$146.98 million for the quarter. Sell-side analysts expect that Birchcliff Energy will post 0.106975 EPS for the current year.

Birchcliff Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 7.21%. The ex-dividend date was Friday, September 13th. Birchcliff Energy’s payout ratio is 250.00%.

Insider Activity at Birchcliff Energy

In other Birchcliff Energy news, Senior Officer Hue Tran sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, July 4th. The stock was sold at an average price of C$6.32, for a total transaction of C$189,609.00. 1.55% of the stock is owned by insiders.

Birchcliff Energy Company Profile

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.