Birchcliff Energy (TSE:BIR) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Birchcliff Energy Ltd. (TSE:BIR) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.71 and traded as high as C$7.27. Birchcliff Energy shares last traded at C$7.12, with a volume of 1,589,975 shares traded.

Wall Street Analyst Weigh In

BIR has been the subject of a number of recent analyst reports. CIBC cut shares of Birchcliff Energy from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$9.50 to C$8.50 in a research report on Tuesday, January 13th. BMO Capital Markets raised Birchcliff Energy from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$7.50 to C$8.50 in a research note on Monday, December 15th. Haywood Securities increased their price target on Birchcliff Energy from C$8.00 to C$10.00 in a report on Monday, December 22nd. 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 report on Wednesday, October 22nd. Finally, Scotiabank cut their price objective on Birchcliff Energy from C$10.00 to C$9.00 in a report on Thursday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Birchcliff Energy currently has a consensus rating of “Buy” and an average price target of C$8.50.

Birchcliff Energy Stock Performance

The stock’s 50 day moving average is C$7.35 and its two-hundred day moving average is C$6.71. The stock has a market capitalization of C$1.96 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 0.35 and a beta of -0.08. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 27.63.

Birchcliff Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, December 15th. Birchcliff Energy’s dividend payout ratio is currently 70.37%.

About Birchcliff Energy

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. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes.