Birchcliff Energy (TSE:BIR) Given New C$5.50 Price Target at BMO Capital Markets

Birchcliff Energy (TSE:BIR - Free Report) had its target price lifted by BMO Capital Markets from C$5.25 to C$5.50 in a research note published on Thursday, BayStreet.CA reports.

BIR has been the subject of a number of other reports. National Bankshares cut shares of Birchcliff Energy from an outperform rating to a sector perform rating and dropped their price objective for the stock from C$9.25 to C$6.50 in a research note on Wednesday, January 10th. CIBC raised their price objective on shares of Birchcliff Energy from C$5.00 to C$5.75 in a research note on Thursday, March 14th. Stifel Nicolaus dropped their price objective on shares of Birchcliff Energy from C$6.50 to C$5.00 and set a hold rating for the company in a research note on Thursday, January 18th. Canaccord Genuity Group dropped their price objective on shares of Birchcliff Energy from C$5.50 to C$5.25 and set a hold rating for the company in a research note on Thursday, February 15th. Finally, Raymond James cut shares of Birchcliff Energy from an outperform rating to a market perform rating and lowered their target price for the stock from C$11.50 to C$9.00 in a research note on Friday, January 19th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of C$6.75.

Birchcliff Energy Stock Performance

TSE:BIR traded up C$0.03 during mid-day trading on Thursday, reaching C$5.34. The stock had a trading volume of 960,551 shares, compared to its average volume of 1,658,197. The business has a 50 day simple moving average of C$5.26 and a 200 day simple moving average of C$6.36. Birchcliff Energy has a twelve month low of C$4.61 and a twelve month high of C$8.68. The company has a debt-to-equity ratio of 17.29, a quick ratio of 0.97 and a current ratio of 0.91. The firm has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 133.25, a PEG ratio of 0.35 and a beta of 2.04.

Birchcliff Energy (TSE:BIR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.07 by C($0.09). Birchcliff Energy had a net margin of 1.40% and a return on equity of 0.42%. The company had revenue of C$183.30 million for the quarter. On average, analysts expect that Birchcliff Energy will post 0.0900794 earnings per share for the current fiscal year.

Birchcliff Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 7.49%. The ex-dividend date is Thursday, March 14th. Birchcliff Energy's payout ratio is currently 1,000.00%.

Insider Transactions at Birchcliff Energy

In related news, Senior Officer Christopher Andrew Carlsen sold 200,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of C$5.00, for a total transaction of C$1,000,000.00. Corporate insiders own 1.50% of the company's stock.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, acquires, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play located approximately 95 km northwest of Grande Prairie, Alberta.