Analysts Set Birchcliff Energy Ltd. (TSE:BIR) PT at C$7.16

Shares of Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) have been assigned a consensus rating of "Buy" from the eight analysts that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$7.16.

Several research analysts have recently issued reports on BIR shares. Cibc World Mkts upgraded shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 13th. Cormark raised shares of Birchcliff Energy to a "strong-buy" rating in a report on Thursday, March 13th. CIBC raised shares of Birchcliff Energy from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from C$7.00 to C$8.00 in a report on Thursday, March 13th. National Bankshares boosted 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. Finally, Raymond James Financial set a C$7.50 price objective on shares of Birchcliff Energy and gave the company a "market perform" rating in a report on Tuesday, April 8th.

Birchcliff Energy Stock Up 3.3%

Shares of TSE BIR traded up C$0.25 during midday trading on Friday, hitting C$7.74. The stock had a trading volume of 1,515,551 shares, compared to its average volume of 1,243,316. The business's 50 day moving average is C$6.41 and its 200-day moving average is C$5.92. The company has a market cap of C$2.10 billion, a P/E ratio of 135.57, a PEG ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a 52 week low of C$4.53 and a 52 week high of C$7.79. 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, June 13th. This represents a $0.12 dividend on an annualized basis and a yield of 1.55%. Birchcliff Energy's dividend payout ratio is currently 700.63%.

Insider Buying and Selling at Birchcliff Energy

In other news, Senior Officer Hue Tran sold 30,000 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of C$6.30, for a total value of C$189,000.00. Also, Director Aaron Jeffery Tonken sold 119,700 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of C$7.39, for a total transaction of C$884,583.00. Over the last ninety days, insiders sold 179,400 shares of company stock valued at $1,281,181. Insiders own 1.55% of the company's stock.

Birchcliff Energy Company Profile

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.