Birchcliff Energy Ltd. (TSE:BIR) Receives C$8.44 Average Target Price from Brokerages

by · The Markets Daily

Birchcliff Energy Ltd. (TSE:BIR – Get Free Report) has received a consensus rating of “Buy” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$8.44.

Several equities analysts have recently weighed in on BIR shares. National Bankshares lowered their price objective on shares of 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. Scotiabank reduced their target price on shares of Birchcliff Energy from C$10.00 to C$9.00 in a report on Thursday, October 9th. Haywood Securities increased their price target on shares of Birchcliff Energy from C$8.00 to C$10.00 in a research report on Monday, December 22nd. CIBC boosted their price objective on shares of Birchcliff Energy from C$8.50 to C$9.50 in a research report on Wednesday, October 15th. Finally, BMO Capital Markets upgraded Birchcliff Energy from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$7.50 to C$8.50 in a research note on Monday, December 15th.

Check Out Our Latest Report on Birchcliff Energy

Birchcliff Energy Stock Down 0.7%

BIR stock opened at C$7.42 on Thursday. The company has a market cap of C$2.03 billion, a price-to-earnings ratio of 27.48, a P/E/G ratio of 0.35 and a beta of 0.09. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01. The business’s 50-day moving average is C$7.22 and its two-hundred day moving average is C$6.72. Birchcliff Energy has a fifty-two week low of C$4.89 and a fifty-two week high of C$8.19.

Birchcliff Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, December 15th. Birchcliff Energy’s payout ratio is currently 70.37%.

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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