Birchcliff Energy (TSE:BIR) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.79 and traded as high as C$6.80. Birchcliff Energy shares last traded at C$6.80, with a volume of 400,157 shares.

Analyst Upgrades and Downgrades

BIR has been the subject of a number of recent analyst reports. National Bankshares boosted their price objective on Birchcliff Energy from C$8.00 to C$8.50 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Raymond James set a C$7.50 target price on Birchcliff Energy and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. CIBC raised shares of Birchcliff Energy from a "neutral" rating to an "outperform" rating and boosted their target price for the company from C$7.00 to C$8.00 in a research note on Thursday, March 13th. Cibc World Mkts upgraded shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 13th. Finally, Cormark upgraded Birchcliff Energy to a "strong-buy" rating in a 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$7.16.

Birchcliff Energy Trading Up 1.5%

The company has a market capitalization of C$1.90 billion, a PE ratio of 122.44, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. The company has a debt-to-equity ratio of 27.63, a current ratio of 1.01 and a quick ratio of 0.97. The company's fifty day moving average is C$6.20 and its 200-day moving average is C$5.81.

Birchcliff Energy Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.72%. Birchcliff Energy's payout ratio is 700.63%.

Insider Buying and Selling at Birchcliff Energy

In related news, Senior Officer Hue Tran sold 30,000 shares of the stock in a transaction that occurred 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. Insiders sold a total of 32,600 shares of company stock worth $205,716 over the last three months. Corporate 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.