Birchcliff Energy Ltd. (TSE:BIR) Receives Average Rating of “Hold” from Analysts

Shares of Birchcliff Energy Ltd. (TSE:BIR) have received an average recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$6.48.

A number of analysts have recently issued reports on the company. TD Securities cut their price objective on Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. National Bankshares reduced their price objective on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. Canaccord Genuity Group dropped their price objective on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research report on Tuesday, October 22nd. Scotiabank reduced their target price on shares of Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. Finally, Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a report on Monday, September 23rd.

Birchcliff Energy Trading Down 2.3 %

TSE BIR opened at C$5.05 on Friday. The company has a market cap of C$1.36 billion, a PE ratio of 31.56, a PEG ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a 12 month low of C$4.61 and a 12 month high of C$7.64. The stock has a 50 day moving average of C$5.56 and a 200-day moving average of C$5.81. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26.

Birchcliff Energy (TSE:BIR) last announced its quarterly earnings data on Wednesday, August 14th. The oil and natural gas company reported C$0.17 EPS for the quarter, beating analysts’ consensus estimates of C($0.01) by C$0.18. The company had revenue of C$146.98 million during the quarter. Birchcliff Energy had a net margin of 6.24% and a return on equity of 1.81%. On average, equities research analysts anticipate that Birchcliff Energy will post 0.1118631 EPS for the current fiscal year.

Birchcliff Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 7.92%. The ex-dividend date was Friday, September 13th. Birchcliff Energy’s dividend payout ratio (DPR) is currently 250.00%.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.