Bruno P. Geremia Purchases 3,000 Shares of Birchcliff Energy Ltd. (BIR) Stock

Birchcliff Energy Ltd. (TSE:BIR) insider Bruno P. Geremia purchased 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average price of C$3.95 per share, for a total transaction of C$11,850.00.

Shares of Birchcliff Energy Ltd. (TSE:BIR) traded down C$0.12 during mid-day trading on Friday, reaching C$3.89. 1,896,384 shares of the company’s stock traded hands, compared to its average volume of 1,238,426. Birchcliff Energy Ltd. has a 52-week low of C$3.89 and a 52-week high of C$9.97.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.10 annualized dividend and a yield of 2.57%. Birchcliff Energy’s dividend payout ratio (DPR) is currently -30.00%.

Several brokerages have commented on BIR. Laurentian dropped their target price on shares of Birchcliff Energy from C$10.00 to C$9.00 in a report on Friday, October 6th. Laurentian Bank of Canada raised their target price on shares of Birchcliff Energy from C$9.00 to C$10.00 in a report on Friday, October 6th. Finally, Raymond James Financial dropped their target price on shares of Birchcliff Energy from C$10.00 to C$9.50 and set an “outperform” rating on the stock in a report on Thursday, November 9th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$11.05.

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Birchcliff Energy Company Profile

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.

Insider Buying and Selling by Quarter for Birchcliff Energy (TSE:BIR)

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