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

Birchcliff Energy Ltd. (TSE:BIR) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.03 per share by the oil and natural gas company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, June 15th.

Birchcliff Energy Trading Down 2.0%

Shares of TSE BIR traded down C$0.13 during midday trading on Friday, reaching C$6.50. 1,270,153 shares of the stock were exchanged, compared to its average volume of 1,624,732. The company has a 50 day simple moving average of C$6.41 and a 200 day simple moving average of C$6.96. The stock has a market capitalization of C$1.78 billion, a P/E ratio of 26.00, a PEG ratio of 0.35 and a beta of -0.56. The company has a debt-to-equity ratio of 23.09, a quick ratio of 0.97 and a current ratio of 1.17. Birchcliff Energy has a twelve month low of C$5.69 and a twelve month high of C$8.19.

Birchcliff Energy (TSE:BIR) last announced its quarterly earnings results on Wednesday, May 13th. The oil and natural gas company reported C$0.25 earnings per share (EPS) for the quarter. The business had revenue of C$217.76 million during the quarter. Birchcliff Energy had a net margin of 9.59% and a return on equity of 3.07%. As a group, equities analysts expect that Birchcliff Energy will post 0.1118631 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BMO Capital Markets cut shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and lowered their price objective for the stock from C$8.50 to C$7.00 in a research report on Tuesday, April 7th. Raymond James Financial increased their price objective on shares of Birchcliff Energy from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$8.57.

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. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes.