Birchcliff Energy (TSE:BIR) Shares Down 11.2%

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Birchcliff Energy Ltd. (TSE:BIR)’s share price dropped 11.2% on Thursday . The stock traded as low as C$1.82 and last traded at C$1.82, approximately 2,075,439 shares traded hands during trading. An increase of 167% from the average daily volume of 776,084 shares. The stock had previously closed at C$2.05.

BIR has been the topic of several recent analyst reports. Tudor Pickering & Holt downgraded Birchcliff Energy from a “hold” rating to a “sell” rating and set a C$1.50 target price on the stock. in a research note on Thursday. Raymond James set a C$4.50 target price on Birchcliff Energy and gave the company a “strong-buy” rating in a research note on Thursday. Laurentian set a C$5.00 target price on Birchcliff Energy in a research note on Thursday. Tudor Pickering downgraded Birchcliff Energy from a “hold” rating to a “sell” rating and set a C$1.50 target price on the stock. in a research note on Thursday. Finally, TD Securities downgraded Birchcliff Energy from an “action list buy” rating to a “buy” rating and set a C$5.00 target price on the stock. in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$4.04.

The company has a market capitalization of $571.76 million and a price-to-earnings ratio of 15.44. The firm has a 50-day moving average price of C$2.37 and a 200-day moving average price of C$2.27. The company has a current ratio of 0.43, a quick ratio of 0.38 and a debt-to-equity ratio of 41.06.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings results on Thursday, November 14th. The oil and natural gas company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.03). The firm had revenue of C$130.59 million during the quarter, compared to the consensus estimate of C$145.00 million. Equities research analysts predict that Birchcliff Energy Ltd. will post 0.27 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.0262 per share. This represents a $0.10 annualized dividend and a dividend yield of 5.95%. The ex-dividend date of this dividend was Friday, December 13th. Birchcliff Energy’s dividend payout ratio (DPR) is presently 91.01%.

Birchcliff Energy Company Profile (TSE:BIR)

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other assets located in the Peace River Arch area of Alberta.

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