Birchcliff Energy Ltd. (TSE:BIR) Given Average Rating of "Hold" by Analysts

Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) has been assigned an average recommendation of "Hold" from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$6.33.

Several equities research analysts recently issued reports on BIR shares. National Bankshares lowered Birchcliff Energy from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from C$9.25 to C$6.50 in a research note on Wednesday, January 10th. Royal Bank of Canada lowered their price target on Birchcliff Energy from C$8.00 to C$7.00 and set an "outperform" rating on the stock in a research report on Thursday, January 18th. TD Securities lowered their price target on Birchcliff Energy from C$6.00 to C$5.50 and set a "hold" rating on the stock in a research report on Thursday, January 18th. BMO Capital Markets raised their price target on Birchcliff Energy from C$5.25 to C$5.50 in a research report on Thursday, March 28th. Finally, Canaccord Genuity Group lowered their price target on Birchcliff Energy from C$5.50 to C$5.25 and set a "hold" rating on the stock in a research report on Thursday, February 15th.

Insider Transactions at Birchcliff Energy

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

Birchcliff Energy Stock Performance

Shares of Birchcliff Energy stock traded down C$0.06 during trading hours on Tuesday, reaching C$5.32. The company had a trading volume of 1,264,314 shares, compared to its average volume of 1,623,041. Birchcliff Energy has a one year low of C$4.61 and a one year high of C$8.68. The business has a fifty day simple moving average of C$5.36 and a 200 day simple moving average of C$6.11. The company has a debt-to-equity ratio of 17.29, a current ratio of 0.91 and a quick ratio of 0.97. The firm has a market cap of C$1.43 billion, a PE ratio of 133.00, a price-to-earnings-growth ratio of 0.35 and a beta of 2.04.

Birchcliff Energy (TSE:BIR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.09). The business had revenue of C$183.30 million for the quarter. Birchcliff Energy had a net margin of 1.40% and a return on equity of 0.42%. On average, analysts anticipate that Birchcliff Energy will post 0.0898464 earnings per share for the current fiscal year.

Birchcliff Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 7.52%. Birchcliff Energy's dividend payout ratio is currently 1,000.00%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.