Q2 2021 Earnings Forecast for Birchcliff Energy Ltd. Issued By Cormark (TSE:BIR)

Birchcliff Energy Ltd. (TSE:BIR) – Stock analysts at Cormark reduced their Q2 2021 earnings per share (EPS) estimates for shares of Birchcliff Energy in a research report issued on Thursday, May 13th. Cormark analyst G. Ursu now expects that the oil and natural gas company will earn $0.13 per share for the quarter, down from their prior forecast of $0.15. Cormark currently has a “NA” rating and a $4.75 target price on the stock. Cormark also issued estimates for Birchcliff Energy’s FY2021 earnings at $0.55 EPS and Q1 2022 earnings at $0.18 EPS.

BIR has been the topic of a number of other research reports. TD Securities increased their price objective on Birchcliff Energy from C$3.00 to C$4.00 and gave the company a “buy” rating in a report on Friday, February 12th. Eight Capital raised their price objective on shares of Birchcliff Energy from C$3.25 to C$5.00 and gave the stock a “buy” rating in a report on Friday, March 12th. National Bankshares reduced their price target on shares of Birchcliff Energy from C$4.75 to C$4.50 and set an “outperform” rating for the company in a research report on Thursday, April 15th. Tudor Pickering reaffirmed a “buy” rating on shares of Birchcliff Energy in a report on Thursday, May 13th. Finally, Royal Bank of Canada boosted their target price on Birchcliff Energy from C$2.75 to C$3.50 and gave the company a “sector perform” rating in a report on Friday, February 12th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Birchcliff Energy currently has an average rating of “Buy” and an average target price of C$4.18.

TSE:BIR opened at C$3.59 on Monday. Birchcliff Energy has a 12 month low of C$1.04 and a 12 month high of C$3.61. The company has a debt-to-equity ratio of 48.44, a current ratio of 0.42 and a quick ratio of 0.40. The firm has a market capitalization of C$955.10 million and a PE ratio of -15.41. The business’s fifty day moving average price is C$2.98 and its 200 day moving average price is C$2.49.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Wednesday, March 31st were issued a dividend of $0.005 per share. The ex-dividend date of this dividend was Friday, March 12th. This represents a $0.02 annualized dividend and a yield of 0.56%. Birchcliff Energy’s dividend payout ratio is currently -17.70%.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, acquires, explores for, develops, and produces natural gas, light oil, condensate, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other assets located in the Peace River Arch area of Alberta.

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Earnings History and Estimates for Birchcliff Energy (TSE:BIR)

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