Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as C$7.59 and last traded at C$7.49, with a volume of 756799 shares trading hands. The stock had previously closed at C$7.39.
Analyst Upgrades and Downgrades
BIR has been the subject of several recent research reports. Raymond James Financial set a C$7.50 price target on Birchcliff Energy and gave the company a "market perform" rating in a research report on Tuesday, April 8th. Cormark upgraded Birchcliff Energy to a "strong-buy" rating in a research report on Thursday, March 13th. Cibc World Mkts upgraded Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th. Canaccord Genuity Group upgraded 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 research report on Thursday, March 13th. Finally, 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 research report on Thursday, May 22nd. Five investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$7.16.
Check Out Our Latest Research Report on Birchcliff Energy
Birchcliff Energy Stock Performance
The company has a 50-day moving average of C$6.50 and a 200 day moving average of C$5.96. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63. The firm has a market capitalization of C$2.11 billion, a PE ratio of 136.62, a PEG ratio of 0.35 and a beta of 1.93.
Birchcliff Energy Announces Dividend
The company also recently declared 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 1.54%. The ex-dividend date of this dividend is Friday, June 13th. Birchcliff Energy's dividend payout ratio (DPR) is currently 700.63%.
Insiders Place Their Bets
In other news, Director Aaron Jeffery Tonken sold 119,700 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of C$7.39, for a total value of C$884,583.00. Also, Senior Officer Robyn Bourgeois sold 26,800 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of C$7.04, for a total value of C$188,672.00. Insiders sold a total of 149,400 shares of company stock valued at $1,092,181 over the last 90 days. 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.
Further Reading
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