Birchcliff Energy Ltd. (BIR) Insider Buys C$24,768.00 in Stock

Birchcliff Energy Ltd. (TSE:BIR) insider Myles Bosman acquired 6,400 shares of the stock in a transaction that occurred on Monday, March 26th. The stock was acquired at an average price of C$3.87 per share, for a total transaction of C$24,768.00.

Birchcliff Energy Ltd. (BIR) traded up C$0.20 on Monday, reaching C$3.90. The company had a trading volume of 3,836,975 shares, compared to its average volume of 2,479,284. The company has a market capitalization of $837.26, a PE ratio of -15.50 and a beta of 0.26. Birchcliff Energy Ltd. has a 1-year low of C$2.90 and a 1-year high of C$8.17.

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Birchcliff Energy (TSE:BIR) last released its earnings results on Wednesday, February 14th. The oil and natural gas company reported C$0.09 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.15 by C($0.06). The firm had revenue of C$166.15 million during the quarter, compared to the consensus estimate of C$175.40 million. Birchcliff Energy had a negative net margin of 112.10% and a negative return on equity of 28.79%.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, April 2nd will be paid a $0.025 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.10 dividend on an annualized basis and a yield of 2.56%. Birchcliff Energy’s dividend payout ratio is presently -40.00%.

A number of brokerages recently issued reports on BIR. TD Securities upgraded Birchcliff Energy from a “buy” rating to an “action list buy” rating and lowered their price objective for the stock from C$8.50 to C$6.00 in a research report on Thursday. CIBC increased their price objective on Birchcliff Energy from C$5.00 to C$6.00 in a research report on Tuesday, March 20th. BMO Capital Markets reiterated a “market perform” rating and issued a C$3.50 price objective on shares of Birchcliff Energy in a research report on Thursday, March 15th. National Bank Financial lowered their price objective on Birchcliff Energy from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Thursday, March 15th. Finally, Royal Bank of Canada lowered their price objective on Birchcliff Energy from C$7.00 to C$5.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$6.34.

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About Birchcliff Energy

Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.

Insider Buying and Selling by Quarter for Birchcliff Energy (TSE:BIR)

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