Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Sells C$188,672.00 in Stock

Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) Senior Officer Robyn Bourgeois sold 26,800 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of C$7.04, for a total value of C$188,672.00.

Robyn Bourgeois also recently made the following trade(s):

• On Monday, March 24th, Robyn Bourgeois sold 2,300 shares of Birchcliff Energy stock. The stock was sold at an average price of C$6.48, for a total value of C$14,904.00.

Birchcliff Energy Price Performance

Shares of BIR stock traded up C$0.04 during trading hours on Friday, reaching C$7.41. The company's stock had a trading volume of 1,056,188 shares, compared to its average volume of 1,246,294. The firm's 50 day simple moving average is C$6.30 and its 200-day simple moving average is C$5.88. The company has a market capitalization of C$2.01 billion, a price-to-earnings ratio of 129.79, a PEG ratio of 0.35 and a beta of 1.93. Birchcliff Energy Ltd. has a fifty-two week low of C$4.53 and a fifty-two week 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 Announces Dividend

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 $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, June 13th. Birchcliff Energy's dividend payout ratio is presently 700.63%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Cibc World Mkts raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th. CIBC raised Birchcliff Energy from a "neutral" rating to an "outperform" rating and increased their price target for the stock from C$7.00 to C$8.00 in a research report on Thursday, March 13th. Raymond James set a C$7.50 price target on Birchcliff Energy and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. National Bankshares increased their price target on Birchcliff Energy from C$8.00 to C$8.50 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Canaccord Genuity Group raised Birchcliff Energy from a "hold" rating to a "buy" rating and increased their price target for the stock from C$6.00 to C$7.00 in a research report on Thursday, March 13th. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$7.16.

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.