Birchcliff Energy (TSE:BIR) Releases Earnings Results

by · The Cerbat Gem

Birchcliff Energy (TSE:BIR – Get Free Report) issued its earnings results on Wednesday. The oil and natural gas company reported C$0.25 earnings per share (EPS) for the quarter, FiscalAI reports. Birchcliff Energy had a return on equity of 2.90% and a net margin of 9.27%.The business had revenue of C$217.76 million during the quarter.

Birchcliff Energy Stock Up 0.5%

TSE BIR traded up C$0.03 on Friday, reaching C$6.62. The company had a trading volume of 449,504 shares, compared to its average volume of 1,623,538. The firm has a market capitalization of C$1.82 billion, a PE ratio of 27.58, a P/E/G ratio of 0.35 and a beta of -0.30. Birchcliff Energy has a 1 year low of C$5.69 and a 1 year high of C$8.19. The firm has a 50-day moving average of C$6.71 and a 200-day moving average of C$6.99. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, March 13th. Birchcliff Energy’s dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BIR. Raymond James Financial boosted their target price on Birchcliff Energy from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a report on Thursday. BMO Capital Markets cut Birchcliff Energy from an “outperform” rating to a “hold” rating and decreased their price target for the stock from C$8.50 to C$7.00 in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$8.57.

Check Out Our Latest Report on Birchcliff Energy

Birchcliff Energy Company Profile

(Get Free Report)

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.

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