Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Hue Tran Sells 30,000 Shares of Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Hue Tran sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of C$6.30, for a total value of C$189,000.00.

Birchcliff Energy Stock Up 1.9 %

Shares of TSE BIR opened at C$6.45 on Tuesday. The company has a market capitalization of C$1.75 billion, a P/E ratio of 112.98, a P/E/G ratio of 0.35 and a beta of 1.93. The company has a debt-to-equity ratio of 27.63, a current ratio of 1.01 and a quick ratio of 0.97. The company has a 50 day simple moving average of C$5.76 and a 200-day simple moving average of C$5.52. Birchcliff Energy Ltd. has a 1 year low of C$4.53 and a 1 year high of C$6.54.

Birchcliff Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.12 annualized dividend and a yield of 1.86%. Birchcliff Energy’s dividend payout ratio (DPR) is 700.63%.

Analysts Set New Price Targets

A number of research analysts have weighed in on BIR shares. Scotiabank upgraded Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a report on Friday, January 17th. Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a research report on Thursday, March 13th. TD Securities raised shares of Birchcliff Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from C$5.50 to C$7.00 in a research note on Thursday, January 30th. National Bankshares set a C$8.00 target price on shares of Birchcliff Energy and gave the stock an “outperform” rating in a research note on Thursday, March 13th. Finally, Cibc World Mkts upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Birchcliff Energy has a consensus rating of “Buy” and a consensus target price of C$7.04.

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.