Birchcliff Energy (TSE:BIR) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Birchcliff Energy shares rose above their 200-day moving average, reaching C$6.79 and closing at C$6.75 versus the C$6.40 average.
• Analyst sentiment remains cautious: one analyst rates the stock Buy and four rate it Hold, producing an overall “Hold” consensus with an average price target of C$8.50.
• The company reported quarterly EPS of C$0.05 on C$193.41 million in revenue and pays a quarterly dividend of C$0.03 per share, equivalent to a 1.8% annual yield.

Shares of Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$6.40 and traded as high as C$6.79. Birchcliff Energy shares last traded at C$6.75, with a volume of 817,858 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Scotiabank upgraded shares of Birchcliff Energy to a "hold" rating in a research note on Friday, June 26th. Raymond James Financial cut Birchcliff Energy from a "moderate buy" rating to a "hold" rating and decreased their price objective for the company from C$8.50 to C$8.00 in a report on Wednesday, September 16th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$8.50.

Birchcliff Energy Price Performance

The stock has a market cap of C$1.85 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 0.35 and a beta of -0.57. The company has a debt-to-equity ratio of 24.38, a quick ratio of 0.97 and a current ratio of 0.99. The company has a 50-day simple moving average of C$6.43 and a two-hundred day simple moving average of C$6.40.

Birchcliff Energy (TSE:BIR - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The oil and natural gas company reported C$0.05 EPS for the quarter. The company had revenue of C$193.41 million during the quarter. Birchcliff Energy had a return on equity of 4.22% and a net margin of 13.31%. As a group, equities research analysts forecast that Birchcliff Energy Ltd. will post 0.11 EPS for the current year.

Birchcliff Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, September 15th. Birchcliff Energy's payout ratio is presently 34.29%.

Birchcliff Energy Company Profile

Birchcliff is an intermediate oil and natural gas company based in Calgary, Alberta with operations focused on the exploration and development of the Montney Resource Play in Alberta. Birchcliff's common shares are listed for trading on the Toronto Stock Exchange under the symbol 'BIR'.

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