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

Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) declared a quarterly dividend on Friday, June 13th, TickerTech Dividends reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.03 per share by the oil and natural gas company on Monday, June 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, June 13th.

Birchcliff Energy Stock Performance

BIR stock traded up C$0.22 on Thursday, reaching C$7.38. 737,868 shares of the company were exchanged, compared to its average volume of 1,243,893. The firm has a market capitalization of C$2.00 billion, a PE ratio of 129.27, a PEG ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a 12 month low of C$4.53 and a 12 month high of C$7.39. The stock's fifty day moving average price is C$6.23 and its 200 day moving average price is C$5.84. The company has a debt-to-equity ratio of 27.63, a current ratio of 1.01 and a quick ratio of 0.97.

Analyst Ratings Changes

Several equities analysts have commented on BIR shares. Cormark raised Birchcliff Energy to a "strong-buy" rating in a report on Thursday, March 13th. Cibc World Mkts upgraded Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 13th. National Bankshares lifted their price target on shares of Birchcliff Energy from C$8.00 to C$8.50 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Raymond James set a C$7.50 price objective on shares of Birchcliff Energy and gave the company a "market perform" rating in a research note on Tuesday, April 8th. Finally, CIBC upgraded shares of Birchcliff Energy from a "neutral" rating to an "outperform" rating and lifted their target price for the company from C$7.00 to C$8.00 in a research report on Thursday, March 13th. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Birchcliff Energy currently has an average rating of "Buy" and an average price target of C$7.16.

Insider Buying and Selling at Birchcliff Energy

In related news, Senior Officer Hue Tran sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of C$6.30, for a total value of C$189,000.00. Also, Senior Officer Robyn Bourgeois sold 26,800 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of C$7.04, for a total value of C$188,672.00. Insiders have sold a total of 59,400 shares of company stock worth $394,388 over the last ninety days. Corporate insiders own 1.55% of the company's stock.

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.