Hue Tran Purchases 2,200 Shares of Birchcliff Energy (TSE:BIR) Stock

Birchcliff Energy Ltd. (TSE:BIR) insider Hue Tran bought 2,200 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were acquired at an average price of C$7.35 per share, for a total transaction of C$16,170.00. Following the transaction, the insider directly owned 75,658 shares in the company, valued at approximately C$556,086.30. This represents a 2.99% increase in their ownership of the stock.

Birchcliff Energy Price Performance

TSE BIR traded up C$0.04 on Monday, hitting C$7.40. The company had a trading volume of 435,375 shares, compared to its average volume of 1,171,679. The company has a debt-to-equity ratio of 27.63, a current ratio of 1.01 and a quick ratio of 0.97. The company’s fifty day moving average price is C$6.82 and its 200-day moving average price is C$6.68. The company has a market capitalization of C$2.02 billion, a PE ratio of 27.41, a PEG ratio of 0.35 and a beta of 0.09. Birchcliff Energy Ltd. has a 12-month low of C$4.53 and a 12-month high of C$8.19.

Birchcliff Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be given a dividend of $0.03 per share. 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 70.37%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. National Bankshares decreased their price target on shares of Birchcliff Energy from C$9.25 to C$9.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. CIBC increased their target price on Birchcliff Energy from C$8.50 to C$9.50 in a report on Wednesday, October 15th. BMO Capital Markets raised Birchcliff Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$7.50 to C$8.50 in a research note on Monday. Finally, Scotiabank dropped their price target on Birchcliff Energy from C$10.00 to C$9.00 in a research report on Thursday, October 9th. Four equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$8.25.

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.