BIR has been the topic of several other reports. GMP Securities dropped their price target on shares of Birchcliff Energy from C$7.25 to C$6.25 in a research note on Friday, November 16th. Raymond James dropped their price target on shares of Birchcliff Energy from C$7.25 to C$7.00 in a research note on Friday, October 5th. Finally, National Bank Financial dropped their price target on shares of Birchcliff Energy from C$7.25 to C$6.00 and set an outperform rating on the stock in a research note on Monday, December 10th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of C$6.58.
Shares of Birchcliff Energy stock opened at C$3.49 on Tuesday. Birchcliff Energy has a 52 week low of C$2.57 and a 52 week high of C$5.45. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 40.06.
The business also recently declared a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Monday, December 31st were paid a $0.025 dividend. The ex-dividend date of this dividend was Friday, December 14th. This represents a $0.10 annualized dividend and a yield of 2.87%. Birchcliff Energy’s dividend payout ratio is currently 51.28%.
In related news, insider Myles Bosman purchased 9,300 shares of the company’s stock in a transaction on Friday, November 16th. The shares were bought at an average cost of C$3.97 per share, for a total transaction of C$36,921.00. Insiders acquired 14,274 shares of company stock worth $57,618 over the last quarter.
About Birchcliff Energy
Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces natural gas, light oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other natural gas, crude oil, and natural gas liquids assets located in the Peace River Arch area of Alberta.
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