Birchcliff Energy Ltd. (TSE:BIR) Declares $0.03 Quarterly Dividend

Birchcliff Energy Ltd. (TSE:BIR) declared a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.03 per share by the oil and natural gas company on Monday, March 31st. This represents a $0.12 annualized dividend and a yield of 2.33%. The ex-dividend date is Friday, March 14th.

Birchcliff Energy Trading Up 1.6 %

Birchcliff Energy stock traded up C$0.08 during trading on Wednesday, hitting C$5.15. The company’s stock had a trading volume of 287,661 shares, compared to its average volume of 1,214,546. The stock’s fifty day moving average is C$5.71 and its 200 day moving average is C$5.52. Birchcliff Energy has a 1-year low of C$4.53 and a 1-year high of C$6.54. The stock has a market capitalization of C$1.40 billion, a price-to-earnings ratio of 90.21, 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 quick ratio of 0.97 and a current ratio of 1.01.

Wall Street Analysts Forecast Growth

BIR has been the topic of several research reports. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group cut their price objective on Birchcliff Energy from C$6.00 to C$5.75 in a research note on Friday, November 15th. TD Securities raised shares of Birchcliff Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from C$5.50 to C$7.00 in a report on Thursday, January 30th. CIBC lifted their target price on Birchcliff Energy from C$5.75 to C$6.00 in a report on Friday, January 17th. Finally, Scotiabank raised Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$6.71.

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.