Birchcliff Energy Ltd. (TSE:BIR) Receives Average Rating of “Hold” from Analysts

Shares of Birchcliff Energy Ltd. (TSE:BIR) have earned an average rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$6.48.

A number of research firms have weighed in on BIR. National Bankshares reduced their target price on Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. TD Securities reduced their target price on Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. Scotiabank reduced their target price on Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. Canaccord Genuity Group dropped their price target on Birchcliff Energy from C$6.50 to C$6.00 in a research report on Tuesday, October 22nd. Finally, Cormark raised Birchcliff Energy to a “strong-buy” rating in a research report on Monday, September 23rd.

Birchcliff Energy Stock Performance

Shares of BIR stock opened at C$5.11 on Friday. Birchcliff Energy has a 12 month low of C$4.61 and a 12 month high of C$8.11. The stock has a market cap of C$1.38 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26. The company’s fifty day moving average price is C$5.69 and its 200-day moving average price is C$5.82.

Birchcliff Energy (TSE:BIR) last issued its earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.01) by C$0.18. The business had revenue of C$146.98 million during the quarter. Birchcliff Energy had a return on equity of 1.81% and a net margin of 6.24%. On average, equities analysts expect that Birchcliff Energy will post 0.1118631 EPS for the current fiscal year.

Birchcliff Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date was Friday, September 13th. Birchcliff Energy’s dividend payout ratio (DPR) is 250.00%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.