Brokerages Set Birchcliff Energy Ltd. (TSE:BIR) Target Price at C$7.34

Shares of Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) have received a consensus rating of "Buy" from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$7.34.

A number of brokerages have recently commented on BIR. Royal Bank Of Canada upped their target price on shares of Birchcliff Energy from C$7.00 to C$8.00 and gave the company an "outperform" rating in a report on Monday, June 30th. National Bankshares upped their target price 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. Finally, Raymond James Financial set a C$7.50 target price on shares of Birchcliff Energy and gave the company a "market perform" rating in a report on Tuesday, April 8th.

Birchcliff Energy Stock Performance

TSE BIR traded up C$0.10 during trading hours on Thursday, hitting C$6.92. The company had a trading volume of 748,124 shares, compared to its average volume of 1,198,866. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01. Birchcliff Energy has a 1-year low of C$4.53 and a 1-year high of C$7.86. The company has a market cap of C$1.88 billion, a PE ratio of 121.21, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. The business has a 50 day moving average of C$6.87 and a 200-day moving average of C$6.20.

Birchcliff Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were given a $0.03 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.12 annualized dividend and a dividend yield of 1.73%. Birchcliff Energy's dividend payout ratio is presently 700.63%.

Insider Activity at Birchcliff Energy

In other news, Director Aaron Jeffery Tonken sold 119,700 shares of the 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. Also, Senior Officer Robyn Bourgeois sold 26,800 shares of the 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. Insiders sold 147,100 shares of company stock worth $1,077,277 over the last quarter. Company 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.