Birchcliff Energy Ltd. (TSE:BIR) Receives C$6.58 Consensus PT from Brokerages

Shares of Birchcliff Energy Ltd. (TSE:BIR) have earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$6.58.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Birchcliff Energy from C$6.00 to C$6.50 in a report on Wednesday, July 3rd. TD Securities reduced their price target on Birchcliff Energy from C$5.50 to C$5.00 in a report on Tuesday, October 1st. Scotiabank increased their price target on Birchcliff Energy from C$7.00 to C$7.50 in a report on Friday, July 12th. Canaccord Genuity Group increased their price target on Birchcliff Energy from C$6.00 to C$6.50 in a report on Thursday, August 15th. Finally, Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a report on Monday, September 23rd.

Birchcliff Energy Price Performance

Birchcliff Energy has a 52-week low of C$4.61 and a 52-week high of C$8.11. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52. The company’s 50-day moving average is C$5.79 and its 200 day moving average is C$5.81. The stock has a market capitalization of C$1.54 billion, a P/E ratio of 35.44, a PEG ratio of 0.35 and a beta of 1.93.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share for the quarter, topping the consensus estimate of C($0.01) by C$0.18. Birchcliff Energy had a return on equity of 1.81% and a net margin of 6.24%. The firm had revenue of C$146.98 million for the quarter. Equities research analysts expect that Birchcliff Energy will post 0.1118631 EPS for the current year.

Birchcliff Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.40 annualized dividend and a yield of ∞. Birchcliff Energy’s dividend payout ratio (DPR) 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.