Insider Buying: Birchcliff Energy Ltd. (BIR) Insider Acquires 3,000 Shares of Stock
Birchcliff Energy Ltd. (TSE:BIR) insider Christopher Andrew Carlsen acquired 3,000 shares of Birchcliff Energy stock in a transaction on Tuesday, October 3rd. The shares were bought at an average cost of C$5.75 per share, with a total value of C$17,250.00.
Christopher Andrew Carlsen also recently made the following trade(s):
- On Wednesday, October 4th, Christopher Andrew Carlsen acquired 1,500 shares of Birchcliff Energy stock. The shares were bought at an average cost of C$5.47 per share, with a total value of C$8,205.00.
Shares of Birchcliff Energy Ltd. (TSE BIR) traded up 0.72% during midday trading on Thursday, hitting $5.57. 1,706,566 shares of the stock were exchanged. The stock’s 50-day moving average price is $5.91 and its 200-day moving average price is $6.35. Birchcliff Energy Ltd. has a 1-year low of $5.33 and a 1-year high of $10.50. The firm has a market capitalization of $1.48 billion and a price-to-earnings ratio of 25.91.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, October 2nd were paid a $0.025 dividend. The ex-dividend date was Wednesday, September 13th. This represents a $0.10 annualized dividend and a yield of 1.81%.
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A number of equities analysts have commented on BIR shares. Royal Bank Of Canada lifted their price objective on shares of Birchcliff Energy from C$9.00 to C$11.00 in a research report on Thursday, July 20th. Raymond James Financial, Inc. lifted their price objective on shares of 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. Finally, National Bank Financial reduced their price objective on shares of Birchcliff Energy from C$10.00 to C$9.25 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average 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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