Birchcliff Energy Ltd. (TSE:BIR) Plans $0.10 Quarterly Dividend

Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) declared a quarterly dividend on Wednesday, May 15th, Zacks reports. Investors of record on Friday, June 14th will be paid a dividend of 0.10 per share by the oil and natural gas company on Friday, June 28th. This represents a $0.40 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date is Friday, June 14th.

Birchcliff Energy Stock Performance

Shares of BIR remained flat at C$6.02 during midday trading on Friday. The stock had a trading volume of 1,728,549 shares, compared to its average volume of 1,503,235. The company has a 50-day moving average price of C$5.52 and a 200-day moving average price of C$5.83. The company has a quick ratio of 0.97, a current ratio of 0.91 and a debt-to-equity ratio of 17.29. The firm has a market capitalization of C$1.62 billion, a price-to-earnings ratio of 150.50, a P/E/G ratio of 0.35 and a beta of 2.01. Birchcliff Energy has a fifty-two week low of C$4.61 and a fifty-two week high of C$8.68.

Birchcliff Energy (TSE:BIR - Get Free Report) last announced 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 company had revenue of C$183.30 million during the quarter. Birchcliff Energy had a net margin of 1.40% and a return on equity of 0.42%. Equities analysts predict that Birchcliff Energy will post 0.0897456 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BIR shares. Royal Bank of Canada decreased their price objective on Birchcliff Energy from C$8.00 to C$7.00 and set an "outperform" rating for the company in a research note on Thursday, January 18th. ATB Capital decreased their target price on Birchcliff Energy from C$8.00 to C$7.50 in a research note on Thursday, February 15th. Raymond James cut Birchcliff Energy from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from C$11.50 to C$9.00 in a research note on Friday, January 19th. CIBC lifted their price target on Birchcliff Energy from C$5.00 to C$5.75 in a research report on Thursday, March 14th. Finally, TD Securities dropped their target price on Birchcliff Energy from C$6.00 to C$5.50 and set a "hold" rating on the stock in a report on Thursday, January 18th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$6.42.

About Birchcliff Energy

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.