Birchcliff Energy Ltd. (TSE:BIR - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$6.95 and last traded at C$6.94, with a volume of 269452 shares trading hands. The stock had previously closed at C$6.80.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on BIR shares. Cormark upgraded Birchcliff Energy to a "strong-buy" rating in a research note on Thursday, March 13th. National Bankshares upped their target price on shares of Birchcliff Energy from C$8.00 to C$8.50 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Cibc World Mkts raised shares of Birchcliff Energy from a "hold" rating 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 upped their target price for the stock from C$7.00 to C$8.00 in a report on Thursday, March 13th. Finally, Canaccord Genuity Group raised shares of Birchcliff Energy from a "hold" rating to a "buy" rating and upped their target price for the stock from C$6.00 to C$7.00 in a report on Thursday, March 13th. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$7.16.
Check Out Our Latest Stock Report on BIR
Birchcliff Energy Price Performance
The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01. The stock has a market capitalization of C$1.90 billion, a P/E ratio of 122.44, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. The firm has a 50-day moving average price of C$6.20 and a 200 day moving average price of C$5.82.
Birchcliff Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, June 13th. This represents a $0.12 annualized dividend and a yield of 1.72%. Birchcliff Energy's payout ratio is 700.63%.
Insiders Place Their Bets
In other Birchcliff Energy news, Senior Officer Hue Tran sold 30,000 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of C$6.30, for a total value of C$189,000.00. Insiders have sold a total of 32,600 shares of company stock valued at $205,716 in the last quarter. Insiders own 1.55% of the company's stock.
About Birchcliff Energy
(
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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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