Insider Selling: Birchcliff Energy Ltd. (TSE:BIR) Director Sells 119,700 Shares of Stock

Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) Director Aaron Jeffery Tonken sold 119,700 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of C$7.39, for a total transaction of C$884,583.00.

Aaron Jeffery Tonken also recently made the following trade(s):

• On Friday, April 25th, Aaron Jeffery Tonken sold 300 shares of Birchcliff Energy stock. The shares were sold at an average price of C$6.04, for a total value of C$1,812.00.

Birchcliff Energy Stock Performance

BIR traded up C$0.02 during trading on Thursday, reaching C$7.76. 387,943 shares of the company's stock were exchanged, compared to its average volume of 1,236,067. 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 Ltd. has a 1 year low of C$4.53 and a 1 year high of C$7.80. The company's fifty day simple moving average is C$6.45 and its 200-day simple moving average is C$5.93. The stock has a market capitalization of C$2.10 billion, a P/E ratio of 135.92, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93.

Birchcliff Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, June 13th. This represents a $0.12 annualized dividend and a yield of 1.55%. Birchcliff Energy's dividend payout ratio is presently 700.63%.

Wall Street Analysts Forecast Growth

BIR has been the subject of several recent analyst reports. Cibc World Mkts upgraded Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 13th. Raymond James Financial set a C$7.50 target price on Birchcliff Energy and gave the company a "market perform" rating in a research report on Tuesday, April 8th. CIBC upgraded shares of Birchcliff Energy from a "neutral" rating to an "outperform" rating and upped their target price for the stock from C$7.00 to C$8.00 in a research note on Thursday, March 13th. National Bankshares upped their price objective 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. Finally, Cormark upgraded Birchcliff Energy to a "strong-buy" rating in a research note on Thursday, March 13th. Five analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Birchcliff Energy currently has a consensus rating of "Buy" and a consensus price target of C$7.16.

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.