Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$7.20 and last traded at C$7.16, with a volume of 889530 shares. The stock had previously closed at C$6.93.
Analyst Ratings Changes
Several brokerages recently commented on BIR. Cormark raised Birchcliff Energy to a "strong-buy" rating in a report on Thursday, March 13th. Canaccord Genuity Group raised Birchcliff Energy from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$6.00 to C$7.00 in a report on Thursday, March 13th. CIBC raised Birchcliff Energy from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from C$7.00 to C$8.00 in a report on Thursday, March 13th. National Bankshares boosted their target price on Birchcliff Energy from C$8.00 to C$8.50 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Raymond James set a C$7.50 target price on Birchcliff Energy and gave the stock a "market perform" rating in a report on Tuesday, April 8th. Five research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$7.16.
Get Our Latest Stock Report on BIR
Birchcliff Energy Price Performance
The company has a market cap of C$2.01 billion, a P/E ratio of 129.79, a PEG ratio of 0.35 and a beta of 1.93. The company has a fifty day simple moving average of C$6.30 and a 200-day simple moving average of C$5.88. The company has a debt-to-equity ratio of 27.63, a current ratio of 1.01 and a quick ratio of 0.97.
Birchcliff Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, June 13th. Birchcliff Energy's dividend payout ratio (DPR) is currently 700.63%.
Insider Transactions at Birchcliff Energy
In related news, Senior Officer Robyn Bourgeois sold 26,800 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of C$7.04, for a total value of C$188,672.00. Also, Senior Officer Hue Tran sold 30,000 shares of the stock in a transaction dated 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 sold a total of 59,400 shares of company stock valued at $394,388 over the last quarter. Company insiders own 1.55% of the company's stock.
About Birchcliff Energy
(
Get Free Report)
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.
Featured Stories
Before you consider Birchcliff Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Birchcliff Energy wasn't on the list.
While Birchcliff Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
