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

Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) announced a quarterly dividend on Friday, June 13th, TickerTech Dividends reports. Investors of record on Monday, June 30th will be given a dividend of 0.03 per share by the oil and natural gas company on Monday, June 30th. This represents a $0.12 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, June 13th.

Birchcliff Energy Price Performance

BIR traded up C$0.04 on Friday, hitting C$7.41. 1,056,188 shares of the stock were exchanged, compared to its average volume of 1,246,294. The firm has a market capitalization of C$2.01 billion, a price-to-earnings ratio of 129.79, a PEG ratio of 0.35 and a beta of 1.93. The company has a debt-to-equity ratio of 27.63, a current ratio of 1.01 and a quick ratio of 0.97. Birchcliff Energy has a 12 month low of C$4.53 and a 12 month high of C$7.52. The business has a 50-day moving average of C$6.30 and a two-hundred day moving average of C$5.87.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Cormark upgraded shares of Birchcliff Energy to a "strong-buy" rating in a report on Thursday, March 13th. CIBC upgraded shares of Birchcliff Energy from a "neutral" rating to an "outperform" rating and raised their price objective for the company from C$7.00 to C$8.00 in a report on Thursday, March 13th. Cibc World Mkts upgraded shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 13th. Canaccord Genuity Group upgraded shares of Birchcliff Energy from a "hold" rating to a "buy" rating and raised their price objective for the company from C$6.00 to C$7.00 in a report on Thursday, March 13th. Finally, National Bankshares raised their price objective on shares of Birchcliff Energy from C$8.00 to C$8.50 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Five investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$7.16.

Insider Transactions at Birchcliff Energy

In other news, Senior Officer Robyn Bourgeois sold 26,800 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of C$7.04, for a total transaction of C$188,672.00. Also, Senior Officer Hue Tran sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of C$6.30, for a total transaction of C$189,000.00. Insiders sold a total of 59,400 shares of company stock valued at $394,388 in the last quarter. 1.55% of the stock is currently owned by company insiders.

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.