Birchcliff Energy (TSE:BIR) PT Lowered to C$5.00

Birchcliff Energy (TSE:BIR) had its target price trimmed by TD Securities from C$5.50 to C$5.00 in a report published on Tuesday, BayStreet.CA reports.

Several other brokerages have also weighed in on BIR. Scotiabank increased their target price on Birchcliff Energy from C$7.00 to C$7.50 in a research report on Friday, July 12th. Canaccord Genuity Group increased their price objective on shares of Birchcliff Energy from C$6.00 to C$6.50 in a report on Thursday, August 15th. National Bankshares reduced their target price on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. Cormark upgraded shares of Birchcliff Energy to a strong-buy rating in a research report on Monday, September 23rd. Finally, BMO Capital Markets lifted their price target on Birchcliff Energy from C$6.00 to C$6.50 in a report on Wednesday, July 3rd. Seven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of C$6.58.

Birchcliff Energy Price Performance

The company has a market cap of C$1.59 billion, a P/E ratio of 37.31, a PEG ratio of 0.35 and a beta of 1.95. Birchcliff Energy has a 1 year low of C$4.61 and a 1 year high of C$8.11. The firm’s fifty day simple moving average is C$5.82 and its 200-day simple moving average is 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 posted its earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 EPS for the quarter, beating the consensus estimate of C($0.01) by C$0.18. The company had revenue of C$146.98 million during the quarter. Birchcliff Energy had a return on equity of 1.81% and a net margin of 6.24%. As a group, research analysts forecast that Birchcliff Energy will post 0.106975 EPS for the current fiscal year.

Birchcliff Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of ∞. Birchcliff Energy’s dividend payout ratio is presently 250.00%.

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.