Birchcliff Energy (TSE:BIR) Posts Earnings Results

Birchcliff Energy (TSE:BIR) posted its earnings results on Thursday. The oil and natural gas company reported C$0.04 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$206.78 million for the quarter. Birchcliff Energy had a net margin of 13.31% and a return on equity of 4.22%.

Birchcliff Energy Price Performance

Birchcliff Energy stock opened at C$6.86 on Friday. The stock has a market cap of C$1.88 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 0.35 and a beta of -0.56. Birchcliff Energy has a 12-month low of C$5.72 and a 12-month high of C$8.19. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 24.38. The business’s 50-day simple moving average is C$6.58 and its 200 day simple moving average is C$6.61.

Birchcliff Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 15th. Birchcliff Energy’s dividend payout ratio is 34.29%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Raymond James Financial downgraded Birchcliff Energy from a “moderate buy” rating to a “hold” rating and cut their target price for the stock from C$8.50 to C$8.00 in a research report on Wednesday, September 16th. Ventum Financial set a C$8.00 price target on shares of Birchcliff Energy and gave the company a “neutral” rating in a research report on Friday, October 23rd. Five investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$8.30.

About Birchcliff Energy

Birchcliff is an intermediate oil and natural gas company based in Calgary, Alberta with operations focused on the exploration and development of the Montney Resource Play in Alberta. Birchcliff’s common shares are listed for trading on the Toronto Stock Exchange under the symbol ‘BIR’.