Insider Buying: Birchcliff Energy Ltd. (BIR) Insider Buys 5,700 Shares of Stock

Birchcliff Energy Ltd. (TSE:BIR) insider Myles Bosman purchased 5,700 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was bought at an average price of C$5.56 per share, with a total value of C$31,692.00.

Shares of Birchcliff Energy Ltd. (BIR) opened at 5.28 on Tuesday. Birchcliff Energy Ltd. has a 1-year low of $4.96 and a 1-year high of $10.50. The stock’s 50 day moving average is $5.83 and its 200-day moving average is $6.27. The stock has a market cap of $1.40 billion and a price-to-earnings ratio of 24.56.

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, October 2nd were paid a $0.025 dividend. The ex-dividend date was Wednesday, September 13th. This represents a $0.10 annualized dividend and a yield of 1.89%.

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BIR has been the topic of several analyst reports. Royal Bank Of Canada raised their price target on shares of Birchcliff Energy from C$9.00 to C$11.00 in a research note on Thursday, July 20th. National Bank Financial decreased their target price on shares of Birchcliff Energy from C$10.00 to C$9.25 and set an “outperform” rating on the stock in a research report on Wednesday, August 2nd. Laurentian Bank of Canada raised their target price on shares of Birchcliff Energy from C$9.00 to C$10.00 in a research report on Friday, October 6th. Raymond James Financial, Inc. raised their target price on shares of Birchcliff Energy from C$9.75 to C$10.25 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Finally, Laurentian reduced their price target on shares of Birchcliff Energy from C$10.00 to C$9.00 in a research report on Friday, October 6th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Birchcliff Energy presently has an average rating of “Buy” and a consensus target price of C$11.30.

About Birchcliff Energy

Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.

Insider Buying and Selling by Quarter for Birchcliff Energy (TSE:BIR)

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