Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Robyn Bourgeois Sells 2,300 Shares

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Robyn Bourgeois sold 2,300 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of C$6.48, for a total value of C$14,904.00.

Birchcliff Energy Trading Down 0.3 %

Shares of BIR opened at C$6.65 on Friday. The stock’s fifty day simple moving average is C$5.84 and its 200-day simple moving average is C$5.53. The firm has a market capitalization of C$1.80 billion, a PE ratio of 116.48, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. Birchcliff Energy Ltd. has a 12-month low of C$4.53 and a 12-month high of C$6.83. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63.

Birchcliff Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, March 14th. Birchcliff Energy’s dividend payout ratio (DPR) is presently 700.63%.

Analyst Ratings Changes

A number of brokerages have issued reports on BIR. TD Securities raised Birchcliff Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$5.50 to C$7.00 in a report on Thursday, January 30th. Canaccord Genuity Group raised shares of Birchcliff Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from C$6.00 to C$7.00 in a report on Thursday, March 13th. Cibc World Mkts raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th. National Bank Financial upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target 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.