Birchcliff Energy Ltd. (TSE:BIR) Receives C$8.50 Average PT from Analysts

Shares of Birchcliff Energy Ltd. (TSE:BIR) have been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$8.50.

A number of brokerages recently weighed in on BIR. BMO Capital Markets lowered shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and decreased their price objective for the company from C$8.50 to C$7.00 in a report on Tuesday, April 7th. Canadian Imperial Bank of Commerce lowered shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and decreased their price objective for the company from C$9.50 to C$8.50 in a report on Tuesday, January 13th.

Birchcliff Energy Stock Performance

Shares of BIR opened at C$6.32 on Wednesday. Birchcliff Energy has a 1-year low of C$5.69 and a 1-year high of C$8.19. The company has a 50-day moving average of C$6.75 and a 200 day moving average of C$6.99. The firm has a market capitalization of C$1.74 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 0.35 and a beta of -0.30. The company has a debt-to-equity ratio of 27.56, a current ratio of 1.74 and a quick ratio of 0.97.

Birchcliff Energy (TSE:BIR) last announced its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported C$0.10 earnings per share for the quarter. Birchcliff Energy had a net margin of 9.27% and a return on equity of 2.90%. The company had revenue of C$164.42 million during the quarter. On average, research analysts expect that Birchcliff Energy will post 0.1118631 EPS for the current year.

Birchcliff Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a dividend of $0.03 per share. The ex-dividend date was Friday, March 13th. This represents a $0.12 dividend on an annualized basis and a yield of 1.9%. Birchcliff Energy’s dividend payout ratio (DPR) is presently 50.00%.

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