Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.29 and traded as high as C$6.85. Birchcliff Energy shares last traded at C$6.80, with a volume of 1,139,150 shares trading hands.
Wall Street Analyst Weigh In
Several research analysts have issued reports on BIR shares. National Bankshares lifted their price target on shares of 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. Royal Bank Of Canada raised their target price on shares of Birchcliff Energy from C$7.00 to C$8.00 and gave the company an "outperform" rating in a research report on Monday, June 30th. Finally, Raymond James Financial set a C$7.50 price target on Birchcliff Energy and gave the company a "market perform" rating in a research note on Tuesday, April 8th. Six investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$7.34.
View Our Latest Research Report on BIR
Birchcliff Energy Trading Up 1.0%
The firm has a market capitalization of C$1.88 billion, a P/E ratio of 121.56, a PEG ratio of 0.35 and a beta of 1.93. 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 business's 50 day moving average is C$7.01 and its two-hundred day moving average is C$6.30.
Birchcliff Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.73%. The ex-dividend date was Friday, June 13th. Birchcliff Energy's payout ratio is 700.63%.
Insider Buying and Selling at Birchcliff Energy
In related news, Director Aaron Jeffery Tonken sold 119,700 shares of Birchcliff Energy stock in a transaction on Friday, June 13th. The stock was sold at an average price of C$7.39, for a total transaction of C$884,583.00. Also, Senior Officer Robyn Bourgeois sold 26,800 shares of the business's 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. In the last quarter, insiders sold 146,800 shares of company stock worth $1,075,465. Corporate 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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