Birchcliff Energy Ltd. Declares Quarterly Dividend of $0.03 (TSE:BIR)

Key Points

• Birchcliff Energy Ltd. declared a quarterly dividend of $0.03 per share, with the payment scheduled for September 29th to shareholders on record as of September 15th.
• The company has a market capitalization of C$1.65 billion and the stock recently traded at C$6.04, showing a slight increase of 0.2%.
• Birchcliff Energy operates primarily in the Peace River Arch region of Alberta, focusing on the exploration and production of natural gas and light oil resources.

Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) announced a quarterly dividend on Monday, September 15th, TickerTech Dividends reports. Shareholders of record on Monday, September 29th will be given a dividend of 0.03 per share by the oil and natural gas company on Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, September 15th.

Birchcliff Energy Price Performance

Shares of TSE BIR traded down C$0.02 during midday trading on Thursday, reaching C$5.93. 956,528 shares of the company were exchanged, compared to its average volume of 1,097,558. The stock's 50-day moving average price is C$6.44 and its 200-day moving average price is C$6.42. The stock has a market cap of C$1.62 billion, a P/E ratio of 21.18, a PEG ratio of 0.35 and a beta of 0.39. Birchcliff Energy has a one year low of C$4.53 and a one year high of C$7.86. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63.

Insider Transactions at Birchcliff Energy

In related news, Director Cameron Maclean Proctor purchased 15,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of C$6.05 per share, with a total value of C$90,750.00. Following the completion of the purchase, the director owned 152,500 shares in the company, valued at approximately C$922,625. This trade represents a 10.91% increase in their position. 1.55% of the stock is currently owned by insiders.

Birchcliff Energy Company Profile

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.