Birchcliff Energy Ltd. (TSE:BIR) Director Aaron Jeffery Tonken Sells 119,700 Shares

Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) Director Aaron Jeffery Tonken sold 119,700 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of C$7.39, for a total value 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 transaction of C$1,812.00.

Birchcliff Energy Stock Up 0.1%

Shares of TSE:BIR traded up C$0.01 during trading on Monday, hitting C$7.42. The stock had a trading volume of 556,962 shares, compared to its average volume of 1,240,073. The company has a market capitalization of C$2.01 billion, a PE ratio of 129.97, a PEG ratio of 0.35 and a beta of 1.93. The firm's fifty day moving average is C$6.30 and its 200 day moving average is C$5.88. Birchcliff Energy Ltd. has a 12 month low of C$4.53 and a 12 month high of C$7.52. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63.

Birchcliff Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.12 annualized dividend and a dividend yield of 1.62%. Birchcliff Energy's payout ratio is 700.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. National Bankshares increased 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 research note on Thursday, May 22nd. Cibc World Mkts upgraded shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th. Canaccord Genuity Group raised shares of Birchcliff Energy from a "hold" rating to a "buy" rating and boosted their target price for the company from C$6.00 to C$7.00 in a report on Thursday, March 13th. Cormark raised shares of Birchcliff Energy to a "strong-buy" rating in a report on Thursday, March 13th. Finally, CIBC raised shares of Birchcliff Energy from a "neutral" rating to an "outperform" rating and upped their price target for the stock from C$7.00 to C$8.00 in a 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 data from MarketBeat, the company has an average rating of "Buy" and an average target price 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.

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