Birchcliff Energy (TSE:BIR) Upgraded at Scotiabank

Scotiabank upgraded shares of Birchcliff Energy (TSE:BIR) from a sector perform rating to an outperform rating in a report released on Friday morning,BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. National Bankshares lowered their price target on shares of Birchcliff Energy from C$6.50 to C$6.00 in a report on Friday, September 27th. Canaccord Genuity Group lowered their price target on shares of Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a report on Monday, September 23rd. Finally, TD Securities lowered their price target on shares of Birchcliff Energy from C$5.50 to C$5.00 in a report on Tuesday, October 1st.

Birchcliff Energy Stock Up 3.4 %

Shares of TSE:BIR opened at C$5.79 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26. Birchcliff Energy has a 12 month low of C$4.53 and a 12 month high of C$6.54. The company has a 50-day moving average price of C$5.25 and a 200 day moving average price of C$5.61. The company has a market cap of C$1.56 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 0.35 and a beta of 1.93.

Birchcliff Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date was Friday, December 13th. Birchcliff Energy’s dividend payout ratio (DPR) is currently 250.00%.

Insider Buying and Selling

In other news, Senior Officer Hue Tran sold 28,600 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$5.10, for a total transaction of C$145,860.00. Also, Director Aaron Jeffery Tonken sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$5.53, for a total transaction of C$1,106,000.00. Insiders have sold 260,000 shares of company stock valued at $1,409,488 in the last ninety days. 1.55% of the stock is owned by company insiders.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure.