Analysts Set Birchcliff Energy Ltd. (TSE:BIR) Price Target at C$8.57

Shares of Birchcliff Energy Ltd. (TSE:BIR) have earned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$8.67.

BIR has been the topic of a number of research reports. BMO Capital Markets downgraded Birchcliff Energy from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from C$8.50 to C$7.00 in a report on Tuesday, April 7th. Scotiabank upgraded shares of Birchcliff Energy to a “hold” rating in a research note on Friday, June 26th. Finally, Raymond James Financial boosted their target price on shares of Birchcliff Energy from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Thursday, May 14th.

Birchcliff Energy Stock Performance

Shares of TSE BIR opened at C$6.19 on Thursday. The business’s 50-day moving average price is C$6.44 and its two-hundred day moving average price is C$6.84. The company has a debt-to-equity ratio of 23.09, a current ratio of 1.17 and a quick ratio of 0.97. Birchcliff Energy has a one year low of C$5.69 and a one year high of C$8.19. The company has a market capitalization of C$1.70 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 0.35 and a beta of -0.56.

Birchcliff Energy (TSE:BIR) last posted its quarterly earnings results on Wednesday, May 13th. The oil and natural gas company reported C$0.25 earnings per share for the quarter. The company had revenue of C$217.76 million during the quarter. Birchcliff Energy had a return on equity of 3.07% and a net margin of 9.59%. Analysts anticipate that Birchcliff Energy will post 0.1118631 earnings per share for the current fiscal year.

Birchcliff Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, June 15th. Birchcliff Energy’s payout ratio is presently 48.00%.

About Birchcliff Energy

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. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes.