Hue Tran Purchases 2,200 Shares of Birchcliff Energy (TSE:BIR) Stock

Birchcliff Energy Ltd. (TSE:BIR) insider Hue Tran purchased 2,200 shares of Birchcliff Energy stock in a transaction dated Friday, December 12th. The shares were bought at an average price of C$7.35 per share, for a total transaction of C$16,170.00. Following the acquisition, the insider owned 75,658 shares in the company, valued at approximately C$556,086.30. This trade represents a 2.99% increase in their ownership of the stock.

Birchcliff Energy Trading Up 0.5%

Shares of BIR stock traded up C$0.04 on Monday, hitting C$7.40. 435,375 shares of the stock traded hands, compared to its average volume of 1,171,679. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01. Birchcliff Energy Ltd. has a twelve month low of C$4.53 and a twelve month high of C$8.19. The firm’s 50-day moving average price is C$6.82 and its two-hundred day moving average price is C$6.68. The stock has a market capitalization of C$2.02 billion, a PE ratio of 27.41, a PEG ratio of 0.35 and a beta of 0.09.

Birchcliff Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be paid a $0.03 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.12 annualized dividend and a dividend yield of 1.6%. Birchcliff Energy’s dividend payout ratio is 70.37%.

Analyst Ratings Changes

Several analysts have recently commented on BIR shares. BMO Capital Markets raised shares of Birchcliff Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$7.50 to C$8.50 in a research report on Monday. CIBC raised their target price on Birchcliff Energy from C$8.50 to C$9.50 in a research note on Wednesday, October 15th. National Bankshares decreased their price target on Birchcliff Energy from C$9.25 to C$9.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Finally, Scotiabank cut their price objective on Birchcliff Energy from C$10.00 to C$9.00 in a research report on Thursday, October 9th. Four investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$8.25.

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.