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

Birchcliff Energy Ltd. (TSE:BIR) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$8.57.

BIR has been the topic of several research analyst reports. BMO Capital Markets lowered shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and decreased their target price for the stock from C$8.50 to C$7.00 in a research report on Tuesday, April 7th. Raymond James Financial boosted their target price 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.

Birchcliff Energy Stock Down 5.0%

Shares of Birchcliff Energy stock opened at C$6.46 on Friday. The firm has a fifty day moving average of C$6.50 and a two-hundred day moving average of C$6.98. Birchcliff Energy has a one year low of C$5.69 and a one year high of C$8.19. The company has a market cap of C$1.77 billion, a P/E ratio of 25.84, 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 (TSE:BIR) last announced its quarterly earnings data on Wednesday, May 13th. The oil and natural gas company reported C$0.25 earnings per share for the quarter. The firm had revenue of C$217.76 million for the quarter. Birchcliff Energy had a return on equity of 3.07% and a net margin of 9.59%. On average, analysts forecast that Birchcliff Energy will post 0.1118631 earnings per share for the current year.

Birchcliff Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, March 13th. Birchcliff Energy’s 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.