Birchcliff Energy (BIR) PT Lowered to C$4.00 at Royal Bank of Canada

Birchcliff Energy (TSE:BIR) had its target price trimmed by Royal Bank of Canada from C$6.00 to C$4.00 in a research report sent to investors on Tuesday morning.

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.

Birchcliff Energy (TSE:BIR) last announced its quarterly earnings results on Wednesday, November 14th. The oil and natural gas company reported C$0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.03 by C($0.01). The business had revenue of C$156.61 million for the quarter, compared to the consensus estimate of C$138.80 million. Research analysts predict that Birchcliff Energy will post 0.410000009732938 earnings per share for the current year.

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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Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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