Birchcliff Energy Ltd. (TSE:BIR) announced a quarterly dividend on Tuesday, June 13th. Investors of record on Friday, June 30th will be given a dividend of 0.025 per share by the oil and natural gas company on Friday, June 30th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, June 13th.

Birchcliff Energy (BIR) traded down 1.34% during mid-day trading on Thursday, hitting $5.88. The company had a trading volume of 1,144,826 shares. Birchcliff Energy has a 12-month low of $5.83 and a 12-month high of $10.50. The firm has a market capitalization of $1.56 billion and a PE ratio of 98.00. The company’s 50 day moving average price is $6.72 and its 200-day moving average price is $7.80.

In other news, insider Seymour Schulich acquired 500,000 shares of the firm’s stock in a transaction on Thursday, March 23rd. The stock was purchased at an average price of C$7.10 per share, for a total transaction of C$3,550,000.00. Also, Director Aaron Jeffery Tonken sold 175,000 shares of the stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of C$8.00, for a total transaction of C$1,400,000.00. In the last ninety days, insiders purchased 1,037,375 shares of company stock worth $7,648,438 and sold 347,500 shares worth $2,727,500.

WARNING: This report was posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/06/08/birchcliff-energy-ltd-bir-announces-0-03-quarterly-dividend.html.

A number of research firms have recently issued reports on BIR. TD Securities increased their price objective on shares of Birchcliff Energy from C$13.50 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. CSFB cut their price objective on shares of Birchcliff Energy from C$10.00 to C$9.75 in a research report on Thursday, February 9th. Scotiabank reissued a “focus stock” rating and set a C$13.00 price objective on shares of Birchcliff Energy in a research report on Thursday, February 9th. Raymond James Financial, Inc. reissued an “outperform” rating and set a C$13.00 price objective on shares of Birchcliff Energy in a research report on Thursday, February 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a C$13.00 price objective on shares of Birchcliff Energy in a research report on Thursday, February 9th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Birchcliff Energy currently has a consensus rating of “Buy” and an average target price of C$12.34.

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.

Receive News & Ratings for Birchcliff Energy Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Birchcliff Energy Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.