Shares of Birchcliff Energy Ltd. (TSE:BIR – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.75 and traded as high as C$5.94. Birchcliff Energy shares last traded at C$5.86, with a volume of 891,836 shares.
Analyst Ratings Changes
BIR has been the subject of a number of research analyst reports. Canaccord Genuity Group raised their price target on Birchcliff Energy from C$5.25 to C$5.50 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. ATB Capital decreased their price target on Birchcliff Energy from C$8.00 to C$7.50 in a research note on Thursday, February 15th. CIBC raised their price target on Birchcliff Energy from C$5.00 to C$5.75 in a research note on Thursday, March 14th. Finally, BMO Capital Markets raised their price objective on Birchcliff Energy from C$5.50 to C$6.00 in a report on Thursday, May 16th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Birchcliff Energy has an average rating of “Hold” and a consensus target price of C$6.42.
Get Our Latest Stock Report on Birchcliff Energy
Birchcliff Energy Price Performance
Birchcliff Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.40 annualized dividend and a yield of 6.83%. Birchcliff Energy’s payout ratio is currently 285.71%.
About Birchcliff Energy
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.
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