Analysts Set Birchcliff Energy Ltd. (TSE:BIR) PT at C$7.16

Birchcliff Energy Ltd. (TSE:BIR) has earned a consensus recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$7.16.

A number of research analysts have recently issued reports on BIR shares. Canaccord Genuity Group upgraded shares of Birchcliff Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from C$6.00 to C$7.00 in a research report on Thursday, March 13th. Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a research report on Thursday, March 13th. Raymond James Financial set a C$7.50 price target on shares of Birchcliff Energy and gave the stock a “market perform” rating in a research report on Tuesday, April 8th. 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. Finally, CIBC upgraded shares of 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.

Insider Buying and Selling

In other Birchcliff Energy news, Senior Officer Robyn Bourgeois sold 26,800 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of C$7.04, for a total transaction of C$188,672.00. Also, Director Aaron Jeffery Tonken sold 119,700 shares of the firm’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of C$7.39, for a total transaction of C$884,583.00. Insiders have sold a total of 149,400 shares of company stock valued at $1,092,181 in the last quarter. Company insiders own 1.55% of the company’s stock.

Birchcliff Energy Trading Up 0.5%

Birchcliff Energy stock opened at C$7.80 on Friday. The firm’s 50-day moving average is C$6.50 and its 200-day moving average is C$5.96. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01. Birchcliff Energy has a 1 year low of C$4.53 and a 1 year high of C$7.82. The company has a market cap of C$2.11 billion, a P/E ratio of 136.62, a PEG ratio of 0.35 and a beta of 1.93.

Birchcliff Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be issued 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 1.54%. Birchcliff Energy’s dividend payout ratio (DPR) is presently 700.63%.

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.