Several other equities analysts have also weighed in on BIR. GMP Securities cut their price target on Birchcliff Energy from C$7.25 to C$6.25 in a research note on Friday, November 16th. National Bank Financial cut their price target on Birchcliff Energy from C$7.25 to C$6.00 and set an outperform rating for the company in a research note on Monday, December 10th. Finally, Royal Bank of Canada cut their price target on Birchcliff Energy from C$6.00 to C$4.00 in a research note on Tuesday, January 8th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Birchcliff Energy currently has a consensus rating of Buy and a consensus target price of C$6.58.
Shares of Birchcliff Energy stock opened at C$3.46 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 40.06. Birchcliff Energy has a twelve month low of C$2.57 and a twelve month high of C$5.45.
Birchcliff Energy (TSE:BIR) last announced its quarterly earnings results on Wednesday, November 14th. The oil and natural gas company reported C$0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.03 by C($0.01). The company had revenue of C$156.61 million during the quarter, compared to analysts’ expectations of C$138.80 million. On average, research analysts predict that Birchcliff Energy will post 0.410000009732938 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Monday, December 31st were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Friday, December 14th. Birchcliff Energy’s payout ratio is 51.28%.
In other news, insider Myles Bosman acquired 9,300 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were bought at an average cost of C$3.97 per share, for a total transaction of C$36,921.00. Over the last quarter, insiders purchased 14,274 shares of company stock worth $57,618.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces natural gas, light oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other natural gas, crude oil, and natural gas liquids assets located in the Peace River Arch area of Alberta.
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