Birchcliff Energy (TSE:BIR) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Birchcliff Energy Ltd. (TSE:BIR)’s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$6.45 and traded as high as C$6.72. Birchcliff Energy shares last traded at C$6.63, with a volume of 715,577 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BIR shares. Scotiabank upgraded shares of Birchcliff Energy to a “hold” rating in a research note on Friday, June 26th. Raymond James Financial downgraded Birchcliff Energy from a “moderate buy” rating to a “hold” rating and decreased their price objective for the company from C$8.50 to C$8.00 in a report on Wednesday, September 16th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$8.50.

Birchcliff Energy Stock Down 1.0%

The company has a market capitalization of C$1.82 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 0.35 and a beta of -0.57. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 24.38. The firm’s fifty day simple moving average is C$6.38 and its two-hundred day simple moving average is C$6.45.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings data on Wednesday, August 12th. The oil and natural gas company reported C$0.05 earnings per share (EPS) for the quarter. Birchcliff Energy had a net margin of 13.31% and a return on equity of 4.22%. The firm had revenue of C$193.41 million for the quarter. Sell-side analysts anticipate that Birchcliff Energy Ltd. will post 0.11 EPS for the current year.

Birchcliff Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a $0.03 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.8%. Birchcliff Energy’s dividend payout ratio (DPR) is 34.29%.

About Birchcliff Energy

Birchcliff is an intermediate oil and natural gas company based in Calgary, Alberta with operations focused on the exploration and development of the Montney Resource Play in Alberta. Birchcliff’s common shares are listed for trading on the Toronto Stock Exchange under the symbol ‘BIR’.