Canaccord Genuity Group Has Lowered Expectations for Birchcliff Energy (TSE:BIR) Stock Price

Birchcliff Energy (TSE:BIR) had its price target trimmed by Canaccord Genuity Group from C$6.00 to C$5.75 in a research report report published on Friday morning,BayStreet.CA reports.

BIR has been the topic of a number of other research reports. Cormark raised Birchcliff Energy to a “strong-buy” rating in a report on Monday, September 23rd. National Bankshares dropped their price target on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. TD Securities cut their price objective on Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Finally, Scotiabank dropped their price objective on shares of Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. Eight equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$6.45.

Birchcliff Energy Stock Down 3.7 %

BIR stock opened at C$4.94 on Friday. Birchcliff Energy has a 1 year low of C$4.61 and a 1 year high of C$7.01. The company has a fifty day simple moving average of C$5.47 and a 200 day simple moving average of C$5.80. The firm has a market cap of C$1.33 billion, a PE ratio of 30.88, a PEG ratio of 0.35 and a beta of 1.93. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26.

Birchcliff Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.10%. The ex-dividend date of this dividend was Friday, September 13th. Birchcliff Energy’s dividend payout ratio (DPR) is presently 250.00%.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.