Birchcliff Energy (TSE:BIR) Releases Earnings Results

Birchcliff Energy (TSE:BIR) posted its quarterly earnings data on Wednesday. The oil and natural gas company reported C$0.05 earnings per share for the quarter, FiscalAI reports. Birchcliff Energy had a net margin of 9.59% and a return on equity of 3.07%. The company had revenue of C$193.41 million during the quarter.

Birchcliff Energy Stock Performance

Shares of BIR stock opened at C$6.38 on Thursday. The company has a market cap of C$1.75 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 0.35 and a beta of -0.57. Birchcliff Energy has a 52 week low of C$5.69 and a 52 week high of C$8.19. The company has a quick ratio of 0.97, a current ratio of 1.17 and a debt-to-equity ratio of 23.09. The firm has a 50 day moving average of C$6.38 and a 200-day moving average of C$6.65.

Birchcliff Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.12 annualized dividend and a dividend yield of 1.9%. Birchcliff Energy’s dividend payout ratio (DPR) is 48.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Raymond James Financial boosted their target price on shares of Birchcliff Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a report on Thursday, May 14th. Scotiabank upgraded Birchcliff Energy to a “hold” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Birchcliff Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$8.67.

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.