Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Hue Tran Sells 31,400 Shares

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Hue Tran sold 31,400 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of C$5.02, for a total transaction of C$157,628.00.

Hue Tran also recently made the following trade(s):

• On Monday, December 9th, Hue Tran sold 28,600 shares of Birchcliff Energy stock. The stock was sold at an average price of C$5.10, for a total transaction of C$145,860.00.

Birchcliff Energy Stock Down 0.4 %

Shares of BIR opened at C$5.03 on Wednesday. The firm has a market cap of C$1.35 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. The company’s fifty day moving average is C$5.33 and its two-hundred day moving average is C$5.74. Birchcliff Energy Ltd. has a fifty-two week low of C$4.61 and a fifty-two week high of C$6.54. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26.

Birchcliff Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 7.95%. Birchcliff Energy’s payout ratio is 250.00%.

Analyst Upgrades and Downgrades

Several research firms have commented on BIR. Canaccord Genuity Group lowered their target price on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research note on Friday, November 15th. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a research note on Monday, September 23rd. TD Securities lowered their target price on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. Scotiabank lowered 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 research note on Wednesday, October 16th. Finally, National Bankshares lowered their target price on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. Eight analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$6.45.

Birchcliff Energy Company Profile

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.