Robyn Bourgeois Sells 26,800 Shares of Birchcliff Energy Ltd. (TSE:BIR) Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Robyn Bourgeois sold 26,800 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of C$7.04, for a total transaction of C$188,672.00.

Robyn Bourgeois also recently made the following trade(s):

• On Monday, March 24th, Robyn Bourgeois sold 2,300 shares of Birchcliff Energy stock. The stock was sold at an average price of C$6.48, for a total value of C$14,904.00.

Birchcliff Energy Stock Performance

TSE:BIR opened at C$7.41 on Friday. Birchcliff Energy Ltd. has a twelve month low of C$4.53 and a twelve month high of C$7.52. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63. The stock’s 50-day simple moving average is C$6.30 and its 200 day simple moving average is C$5.87. The firm has a market capitalization of C$2.01 billion, a PE ratio of 129.79, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93.

Birchcliff Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be paid a $0.03 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.62%. Birchcliff Energy’s payout ratio is currently 700.63%.

Analyst Ratings Changes

BIR has been the subject of several analyst reports. Canaccord Genuity Group raised Birchcliff Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$6.00 to C$7.00 in a report on Thursday, March 13th. CIBC upgraded Birchcliff Energy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$7.00 to C$8.00 in a research report on Thursday, March 13th. National Bankshares upped their price objective on shares of Birchcliff Energy from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a research note on Thursday, March 13th. Finally, Cibc World Mkts upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$7.16.

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.