Birchcliff Energy Ltd. (TSE:BIR – Get Free Report) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$6.68.
Several research analysts have commented on BIR shares. Canaccord Genuity Group boosted their price target on shares of Birchcliff Energy from C$6.00 to C$6.50 in a report on Thursday. Scotiabank boosted their target price on shares of Birchcliff Energy from C$7.00 to C$7.50 in a research note on Friday, July 12th. Finally, BMO Capital Markets increased their target price on Birchcliff Energy from C$6.00 to C$6.50 in a report on Wednesday, July 3rd.
View Our Latest Report on Birchcliff Energy
Birchcliff Energy Stock Down 2.1 %
Birchcliff Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.10 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.40 annualized dividend and a yield of 6.48%. Birchcliff Energy’s dividend payout ratio is presently 285.71%.
Insider Transactions at Birchcliff Energy
In other Birchcliff Energy news, Senior Officer Hue Tran sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, July 4th. The stock was sold at an average price of C$6.32, for a total value of C$189,609.00. In other Birchcliff Energy news, Senior Officer Hue Tran sold 30,000 shares of the firm’s stock in a transaction on Thursday, July 4th. The shares were sold at an average price of C$6.32, for a total transaction of C$189,609.00. Also, Senior Officer Robyn Bourgeois sold 33,333 shares of the 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. Insiders own 1.55% of the company’s stock.
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.
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