Birchcliff Energy (OTCMKTS:BIREF) Price Target Lowered to C$11.00 at National Bank Financial

Birchcliff Energy (OTCMKTS:BIREFGet Rating) had its price objective cut by National Bank Financial from C$12.00 to C$11.00 in a report released on Thursday morning, The Fly reports.

Several other equities analysts also recently issued reports on BIREF. Scotiabank downgraded Birchcliff Energy from an outperform rating to a sector perform rating in a research report on Tuesday, January 17th. TD Securities cut their target price on Birchcliff Energy from C$11.50 to C$9.00 in a research report on Thursday. Stifel Nicolaus cut their target price on Birchcliff Energy from C$9.75 to C$9.00 in a research report on Thursday, January 19th. CIBC cut their target price on Birchcliff Energy from C$12.75 to C$10.50 in a research report on Tuesday, January 17th. Finally, Maxim Group assumed coverage on Birchcliff Energy in a research report on Thursday, December 15th. They issued a buy rating and a C$14.75 target price for the company.

Birchcliff Energy Stock Performance

Shares of OTCMKTS BIREF opened at $5.72 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $6.34 and a 200-day simple moving average of $7.18. The company has a market cap of $1.53 billion, a PE ratio of 3.13 and a beta of 0.93. Birchcliff Energy has a 12-month low of $5.45 and a 12-month high of $9.96.

Birchcliff Energy (OTCMKTS:BIREFGet Rating) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $235.98 million during the quarter. Birchcliff Energy had a return on equity of 29.77% and a net margin of 49.27%.

Birchcliff Energy Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.1492 per share. This represents a dividend yield of 9.46%. The ex-dividend date of this dividend is Tuesday, March 14th. This is an increase from Birchcliff Energy’s previous dividend of $0.01. Birchcliff Energy’s dividend payout ratio is 32.24%.

Birchcliff Energy Company Profile

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Birchcliff Energy Ltd. engages in the exploration, development, production, and acquisition of petroleum and natural gas reserves. Its properties include Peace River Arch and Montney/Doig Resource Play. The company was founded by Myles R. Bosman, Gordon W. Cameron, Bruno P. Geremia, Laurence A. Shaw, Werner A.

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