Birchcliff Energy Ltd. (TSE:BIR) Receives Average Recommendation of “Buy” from Brokerages

Shares of Birchcliff Energy Ltd. (TSE:BIR) have received a consensus rating of “Buy” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$8.21.

BIR has been the subject of several research reports. National Bankshares reduced their target price on Birchcliff Energy from C$9.25 to C$9.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. CIBC raised their price objective on shares of Birchcliff Energy from C$8.50 to C$9.50 in a report on Wednesday, October 15th. Finally, Scotiabank decreased their target price on shares of Birchcliff Energy from C$10.00 to C$9.00 in a research report on Thursday, October 9th.

Birchcliff Energy Trading Down 1.1%

Birchcliff Energy stock opened at C$7.36 on Friday. The business has a 50 day moving average price of C$6.82 and a two-hundred day moving average price of C$6.68. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63. Birchcliff Energy has a 12 month low of C$4.53 and a 12 month high of C$8.19. The stock has a market cap of C$2.01 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 0.35 and a beta of 0.09.

Birchcliff Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, December 15th. Birchcliff Energy’s dividend payout ratio is currently 70.37%.

Birchcliff Energy Company Profile

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.