Birchcliff Energy Ltd. Plans Quarterly Dividend of $0.03 (BIR)
Birchcliff Energy Ltd. (TSE:BIR) declared a quarterly dividend on Wednesday, September 13th, TickerTech reports. Stockholders of record on Monday, October 2nd will be given a dividend of 0.025 per share by the oil and natural gas company on Monday, October 2nd. This represents a $0.10 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, September 13th.
Birchcliff Energy (BIR) opened at 5.85 on Friday. Birchcliff Energy has a 1-year low of $5.33 and a 1-year high of $10.50. The stock’s 50 day moving average price is $5.87 and its 200 day moving average price is $6.50. The stock has a market capitalization of $1.55 billion and a PE ratio of 27.21.
Several research analysts have commented on BIR shares. Royal Bank Of Canada dropped their price target on Birchcliff Energy from C$13.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Thursday, May 11th. National Bank Financial dropped their price target on Birchcliff Energy from C$10.00 to C$9.25 and set an “outperform” rating on the stock in a research report on Wednesday, August 2nd. Finally, Raymond James Financial, Inc. lifted their price target on Birchcliff Energy from C$9.75 to C$10.25 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$11.69.
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.
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