Brokerages Set Birchcliff Energy Ltd. (TSE:BIR) Price Target at C$8.57

Birchcliff Energy Ltd. (TSE:BIR) has received an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$8.67.

A number of research analysts have issued reports on the stock. BMO Capital Markets cut shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$8.50 to C$7.00 in a report on Tuesday, April 7th. Raymond James Financial increased their target price on shares of Birchcliff Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a report on Thursday, May 14th.

Birchcliff Energy Trading Up 1.0%

Shares of Birchcliff Energy stock opened at C$6.35 on Thursday. Birchcliff Energy has a 12-month low of C$5.69 and a 12-month high of C$8.19. The company has a current ratio of 1.17, a quick ratio of 0.97 and a debt-to-equity ratio of 23.09. The stock has a market cap of C$1.74 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 0.35 and a beta of -0.56. The company has a 50-day moving average of C$6.42 and a two-hundred day moving average of C$6.86.

Birchcliff Energy (TSE:BIR) last issued its earnings results on Wednesday, May 13th. The oil and natural gas company reported C$0.25 earnings per share (EPS) for the quarter. Birchcliff Energy had a net margin of 9.59% and a return on equity of 3.07%. The company had revenue of C$217.76 million during the quarter. On average, research analysts anticipate that Birchcliff Energy will post 0.1118631 EPS for the current fiscal year.

Birchcliff Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, June 15th. Birchcliff Energy’s dividend payout ratio is 48.00%.

About Birchcliff Energy

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. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes.