Birchcliff Energy Ltd. (TSE:BIR) Receives C$6.48 Average Price Target from Analysts

Birchcliff Energy Ltd. (TSE:BIR) has been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$6.48.

A number of brokerages have weighed in on BIR. Scotiabank reduced their price objective on Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. TD Securities reduced their price target on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. National Bankshares decreased their price target on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, Canaccord Genuity Group decreased their target price on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research note on Tuesday, October 22nd.

Birchcliff Energy Trading Up 0.6 %

BIR opened at C$5.14 on Friday. The business’s 50-day simple moving average is C$5.60 and its 200-day simple moving average is C$5.81. The company has a market cap of C$1.38 billion, a P/E ratio of 32.13, a PEG ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a one year low of C$4.61 and a one year high of C$7.79. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52.

Birchcliff Energy (TSE:BIR) last announced its quarterly earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 EPS for the quarter, topping the consensus estimate of C($0.01) by C$0.18. Birchcliff Energy had a net margin of 6.24% and a return on equity of 1.81%. The firm had revenue of C$146.98 million for the quarter. As a group, equities research analysts expect that Birchcliff Energy will post 0.1118631 EPS for the current fiscal year.

Birchcliff Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date was Friday, September 13th. Birchcliff Energy’s dividend payout ratio is presently 250.00%.

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.