Brokerages Set Birchcliff Energy Ltd. (TSE:BIR) Price Target at C$8.57

Shares of Birchcliff Energy Ltd. (TSE:BIR) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$8.57.

Several analysts recently weighed in on the company. Raymond James Financial boosted their price objective on Birchcliff Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a report on Thursday, May 14th. BMO Capital Markets cut Birchcliff Energy from an “outperform” rating to a “hold” rating and dropped their price target for the stock from C$8.50 to C$7.00 in a research report on Tuesday, April 7th.

Birchcliff Energy Trading Down 0.2%

TSE:BIR opened at C$6.29 on Thursday. 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 one year low of C$5.69 and a one year high of C$8.19. The business’s 50-day simple moving average is C$6.42 and its 200 day simple moving average is C$6.87. The stock has a market cap of C$1.73 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 0.35 and a beta of -0.56.

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

Birchcliff Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 15th. Birchcliff Energy’s dividend payout ratio is presently 48.00%.

About Birchcliff Energy

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.