Brokerages Set Birchcliff Energy Ltd. (TSE:BIR) PT at C$7.84

Shares of Birchcliff Energy Ltd. (TSE:BIRGet Free Report) have earned a consensus recommendation of “Buy” from the ten ratings firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$7.91.

BIR has been the topic of several analyst reports. Royal Bank Of Canada upped their target price on Birchcliff Energy from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a report on Monday, June 30th. Raymond James Financial upgraded Birchcliff Energy from a “hold” rating to a “moderate buy” rating and upped their price objective for the company from C$7.50 to C$8.00 in a research note on Thursday, August 14th. Scotiabank reduced their price target on Birchcliff Energy from C$10.00 to C$9.00 in a research report on Thursday, October 9th. CIBC increased their price target on Birchcliff Energy from C$8.50 to C$9.50 in a research report on Wednesday, October 15th. Finally, National Bankshares reduced their price target on Birchcliff Energy from C$9.25 to C$9.00 and set an “outperform” rating on the stock in a research report on Wednesday.

View Our Latest Analysis on Birchcliff Energy

Birchcliff Energy Stock Performance

BIR opened at C$6.43 on Friday. Birchcliff Energy has a 52-week low of C$4.53 and a 52-week high of C$7.86. The firm has a market capitalization of C$1.76 billion, a PE ratio of 22.96, a PEG ratio of 0.35 and a beta of 0.14. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01. The business’s 50-day simple moving average is C$6.06 and its 200 day simple moving average is C$6.41.

Birchcliff Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.9%. Birchcliff Energy’s dividend payout ratio is currently 92.86%.

Insider Transactions at Birchcliff Energy

In related news, Director Cameron Maclean Proctor purchased 15,000 shares of Birchcliff Energy stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average price of C$6.05 per share, with a total value of C$90,750.00. Following the completion of the transaction, the director directly owned 152,500 shares of the company’s stock, valued at C$922,625. This represents a 10.91% increase in their position. 1.55% of the stock is owned by corporate insiders.

About Birchcliff Energy

(Get Free Report)

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.

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Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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