Birchcliff Energy Ltd. (TSE:BIR) declared a quarterly dividend on Thursday, December 14th, TickerTech reports. Investors of record on Tuesday, January 2nd will be given a dividend of 0.025 per share by the oil and natural gas company on Tuesday, January 2nd. This represents a $0.10 annualized dividend and a yield of 2.40%. The ex-dividend date is Thursday, December 14th.

Birchcliff Energy (BIR) traded up C$0.09 during trading on Friday, reaching C$4.17. 2,120,900 shares of the company traded hands, compared to its average volume of 1,226,889. Birchcliff Energy has a twelve month low of C$4.03 and a twelve month high of C$10.50.

In related news, insider Myles Bosman purchased 5,700 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were purchased at an average price of C$5.56 per share, with a total value of C$31,692.00. In the last ninety days, insiders acquired 20,000 shares of company stock worth $107,505.

Several research analysts recently weighed in on BIR shares. Laurentian reduced their price objective on shares of Birchcliff Energy from C$10.00 to C$9.00 in a research note on Friday, October 6th. Raymond James Financial reduced their price objective on shares of Birchcliff Energy from C$10.00 to C$9.50 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Finally, Laurentian Bank of Canada lifted their price objective on shares of Birchcliff Energy from C$9.00 to C$10.00 in a research note on Friday, October 6th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$11.05.

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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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