Hue Tran Sells 31,400 Shares of Birchcliff Energy Ltd. (TSE:BIR) Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Hue Tran sold 31,400 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of C$5.02, for a total value of C$157,628.00.

Hue Tran also recently made the following trade(s):

• On Monday, December 9th, Hue Tran sold 28,600 shares of Birchcliff Energy stock. The stock was sold at an average price of C$5.10, for a total value of C$145,860.00.

Birchcliff Energy Stock Down 0.8 %

Shares of Birchcliff Energy stock opened at C$5.06 on Friday. The firm has a market cap of C$1.36 billion, a PE ratio of 31.63, a P/E/G ratio of 0.35 and a beta of 1.93. The business’s 50 day simple moving average is C$5.31 and its 200 day simple moving average is C$5.73. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52. Birchcliff Energy Ltd. has a 52-week low of C$4.61 and a 52-week high of C$6.54.

Birchcliff Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.91%. Birchcliff Energy’s dividend payout ratio (DPR) is presently 250.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BIR. Scotiabank reduced their target price on shares of 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. TD Securities reduced their price objective on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. National Bankshares lowered their target price on shares of Birchcliff Energy from C$6.50 to C$6.00 in a report on Friday, September 27th. Cormark raised Birchcliff Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, Canaccord Genuity Group reduced their price objective on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research note on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Birchcliff Energy presently has an average rating of “Hold” and a consensus price target of C$6.45.

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.