Birchcliff Energy Ltd. (TSE:BIR) insider Christopher Andrew Carlsen sold 85,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of C$8.00, for a total transaction of C$680,000.00.
Birchcliff Energy Ltd. (TSE:BIR) traded down 1.39% during midday trading on Friday, reaching $7.07. The company’s stock had a trading volume of 746,325 shares. The company’s market capitalization is $1.87 billion. The company’s 50-day moving average price is $7.26 and its 200-day moving average price is $8.36. Birchcliff Energy Ltd. has a 1-year low of $4.60 and a 1-year high of $10.50.
The business also recently announced a dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 31st were given a $0.025 dividend. This represents a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, March 13th.
BIR has been the subject of several recent research reports. CIBC increased their price target on Birchcliff Energy from C$11.50 to C$12.00 in a report on Wednesday, January 25th. TD Securities increased their price target on Birchcliff Energy from C$13.50 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. CSFB decreased their price target on Birchcliff Energy from C$10.00 to C$9.75 in a report on Thursday, February 9th. Scotiabank reaffirmed a “focus stock” rating and set a C$13.00 price target on shares of Birchcliff Energy in a report on Thursday, March 16th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a C$13.00 price target on shares of Birchcliff Energy in a report on Thursday, February 9th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$12.59.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.
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