Birchcliff Energy Ltd. (TSE:BIR) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Moderate Buy consensus from five covering firms (2 holds, 2 buys, 1 strong buy) with an average 1‑year price target of C$8.50.
• Shares opened at C$6.05, below analyst targets, with a market cap of ~C$1.67B; latest quarter EPS was C$0.10 on C$164.42M revenue and the company pays a quarterly dividend of $0.03 (annualized C$0.12) for a ~2.0% yield.

Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$8.50.

A number of research firms recently weighed in on BIR. Canadian Imperial Bank of Commerce lowered Birchcliff Energy from an "outperform" rating to a "hold" rating and decreased their target price for the stock from C$9.50 to C$8.50 in a report on Tuesday, January 13th. Haywood Securities raised their price target on Birchcliff Energy from C$8.00 to C$10.00 in a report on Monday, December 22nd. Finally, BMO Capital Markets cut shares of Birchcliff Energy from an "outperform" rating to a "hold" rating and reduced their price objective for the stock from C$8.50 to C$7.00 in a research report on Tuesday.

Birchcliff Energy Trading Down 1.5%

Birchcliff Energy stock opened at C$6.05 on Friday. The stock has a 50-day simple moving average of C$7.05 and a 200 day simple moving average of C$6.94. The stock has a market capitalization of C$1.67 billion, a P/E ratio of 25.21, a PEG ratio of 0.35 and a beta of -0.31. The company has a debt-to-equity ratio of 27.56, a quick ratio of 0.97 and a current ratio of 1.74. Birchcliff Energy has a 52 week low of C$5.44 and a 52 week high of C$8.19.

Birchcliff Energy (TSE:BIR - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported C$0.10 earnings per share (EPS) for the quarter. Birchcliff Energy had a return on equity of 2.90% and a net margin of 9.27%.The firm had revenue of C$164.42 million for the quarter. Analysts expect that Birchcliff Energy will post 0.1118631 earnings per share for the current year.

Birchcliff Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, March 13th. Birchcliff Energy's dividend payout ratio (DPR) is currently 50.00%.

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. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes.

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