Birchcliff Energy Ltd. (TSE:BIR) Given Consensus Rating of “Moderate Buy” by Brokerages
by Renee Jackson · The Cerbat GemBirchcliff Energy Ltd. (TSE:BIR – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$8.50.
Several brokerages have recently issued reports on BIR. Canadian Imperial Bank of Commerce downgraded shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and lowered their price objective for the stock from C$9.50 to C$8.50 in a research report on Tuesday, January 13th. Haywood Securities increased their price objective on shares of Birchcliff Energy from C$8.00 to C$10.00 in a research report on Monday, December 22nd. Finally, BMO Capital Markets downgraded shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and lowered their price objective for the stock from C$8.50 to C$7.00 in a research report on Tuesday, April 7th.
View Our Latest Analysis on BIR
Birchcliff Energy Stock Up 0.5%
Shares of BIR stock opened at C$6.05 on Friday. The firm has a fifty day moving average of C$6.98 and a 200-day moving average of C$6.95. The company has a quick ratio of 0.97, a current ratio of 1.74 and a debt-to-equity ratio of 27.56. Birchcliff Energy has a 12-month low of C$5.53 and a 12-month high of C$8.19. The company has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 0.35 and a beta of -0.31.
Birchcliff Energy (TSE:BIR – Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported C$0.10 earnings per share (EPS) 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. As a group, equities research analysts predict that Birchcliff Energy will post 0.1118631 earnings per share for the current fiscal year.
Birchcliff Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.12 annualized dividend and a dividend yield of 2.0%. Birchcliff Energy’s dividend payout ratio is currently 50.00%.
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.