Insider Selling: Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Sells 33,333 Shares of Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Robyn Bourgeois sold 33,333 shares of Birchcliff Energy stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$6.22, for a total value of C$207,404.59.

Birchcliff Energy Stock Performance

Shares of BIR opened at C$6.01 on Friday. The firm has a 50-day moving average price of C$5.93 and a 200 day moving average price of C$5.62. The firm has a market capitalization of C$1.62 billion, a PE ratio of 42.93, a P/E/G ratio of 0.35 and a beta of 2.01. The company has a quick ratio of 0.97, a current ratio of 0.73 and a debt-to-equity ratio of 20.12. Birchcliff Energy Ltd. has a 52-week low of C$4.61 and a 52-week high of C$8.68.

Birchcliff Energy (TSE:BIR) last announced its earnings results on Wednesday, May 15th. The oil and natural gas company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.05). The company had revenue of C$163.30 million during the quarter. Birchcliff Energy had a net margin of 5.57% and a return on equity of 1.65%. On average, sell-side analysts anticipate that Birchcliff Energy Ltd. will post 0.0911973 earnings per share for the current fiscal year.

Birchcliff Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.40 dividend on an annualized basis and a yield of 6.66%. Birchcliff Energy’s dividend payout ratio is presently 285.71%.

Analyst Ratings Changes

A number of research firms recently issued reports on BIR. CIBC boosted their price objective on Birchcliff Energy from C$5.00 to C$5.75 in a research report on Thursday, March 14th. BMO Capital Markets upped their price target on shares of Birchcliff Energy from C$5.50 to C$6.00 in a research report on Thursday, May 16th. Finally, Canaccord Genuity Group upped their price target on shares of Birchcliff Energy from C$5.50 to C$6.00 and gave the stock a “hold” rating in a research report on Wednesday, June 5th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$6.47.

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.