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

Birchcliff Energy (OTCMKTS:BIREF – Get 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:BIREF – Get 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

(Get Rating)

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.