Birchcliff Energy Ltd. (TSE:BIR) Given Consensus Recommendation of “Hold” by Brokerages

Birchcliff Energy Ltd. (TSE:BIR) has received a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$6.45.

BIR has been the topic of several recent research reports. National Bankshares decreased their target price on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. Scotiabank decreased their price objective on Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. Canaccord Genuity Group dropped their target price on Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. TD Securities decreased their price target on Birchcliff Energy from C$5.50 to C$5.00 in a report on Tuesday, October 1st. Finally, Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a research note on Monday, September 23rd.

Insider Activity at Birchcliff Energy

In other Birchcliff Energy news, Senior Officer Hue Tran sold 28,600 shares of Birchcliff Energy stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$5.10, for a total transaction of C$145,860.00. Also, Director Aaron Jeffery Tonken sold 200,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$5.53, for a total value of C$1,106,000.00. Insiders sold 260,000 shares of company stock worth $1,409,488 in the last 90 days. 1.55% of the stock is owned by corporate insiders.

Birchcliff Energy Price Performance

Birchcliff Energy stock opened at C$5.04 on Friday. Birchcliff Energy has a 52-week low of C$4.53 and a 52-week high of C$6.54. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26. The firm’s fifty day moving average is C$5.12 and its 200 day moving average is C$5.66. The company has a market cap of C$1.36 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 0.35 and a beta of 1.93.

Birchcliff Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.94%. The ex-dividend date of this dividend is Friday, December 13th. Birchcliff Energy’s payout ratio is presently 250.00%.

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.