Birchcliff Energy Ltd. (TSE:BIR) Receives Consensus Recommendation of “Buy” from Analysts

Birchcliff Energy Ltd. (TSE:BIR) has received an average rating of “Buy” from the ten brokerages that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$8.21.

Several research firms have weighed in on BIR. Atb Cap Markets raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. CIBC boosted their price objective on shares of Birchcliff Energy from C$8.50 to C$9.50 in a report on Wednesday, October 15th. Raymond James Financial raised Birchcliff Energy from a “hold” rating to a “moderate buy” rating and upped their target price for the company from C$7.50 to C$8.00 in a research report on Thursday, August 14th. Scotiabank lowered their price target on Birchcliff Energy from C$10.00 to C$9.00 in a research report on Thursday, October 9th. Finally, National Bankshares dropped their price target on Birchcliff Energy from C$9.25 to C$9.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd.

Birchcliff Energy Stock Performance

BIR opened at C$7.99 on Friday. The company has a market cap of C$2.18 billion, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 0.35 and a beta of 0.09. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63. The firm’s 50-day moving average price is C$6.65 and its 200-day moving average price is C$6.65. Birchcliff Energy has a 52-week low of C$4.53 and a 52-week high of C$8.19.

Birchcliff Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be given a $0.03 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.5%. Birchcliff Energy’s dividend payout ratio is currently 70.37%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure.