Birchcliff Energy Ltd. (TSE:BIR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Birchcliff Energy Ltd. (TSE:BIR) has received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$8.67.

A number of equities research analysts have commented on BIR shares. BMO Capital Markets cut Birchcliff Energy from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$8.50 to C$7.00 in a report on Tuesday, April 7th. Raymond James Financial upped their price objective on Birchcliff Energy from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Finally, Scotiabank upgraded Birchcliff Energy to a “hold” rating in a research report on Friday, June 26th.

Birchcliff Energy Price Performance

Shares of BIR stock opened at C$6.50 on Monday. The company has a market capitalization of C$1.78 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 0.35 and a beta of -0.57. Birchcliff Energy has a one year low of C$5.69 and a one year high of C$8.19. The company’s fifty day moving average price is C$6.47 and its 200-day moving average price is C$6.72. The company has a debt-to-equity ratio of 23.09, a current ratio of 1.17 and a quick ratio of 0.97.

Birchcliff Energy (TSE:BIR) last issued its earnings results on Wednesday, May 13th. The oil and natural gas company reported C$0.25 earnings per share for the quarter. Birchcliff Energy had a net margin of 9.59% and a return on equity of 3.07%. The company had revenue of C$217.76 million during the quarter. Sell-side analysts expect that Birchcliff Energy will post 0.1118631 EPS for the current fiscal year.

Birchcliff Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, June 15th. Birchcliff Energy’s dividend payout ratio is presently 48.00%.

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. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes.