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

Birchcliff Energy Ltd. (TSE:BIR)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$6.98 and traded as high as C$7.09. Birchcliff Energy shares last traded at C$6.91, with a volume of 4,668,925 shares.

Analyst Upgrades and Downgrades

BIR has been the topic of a number of recent analyst reports. BMO Capital Markets lowered shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and dropped their price target for the stock from C$8.50 to C$7.00 in a research note on Tuesday, April 7th. Raymond James Financial boosted their price target on shares of Birchcliff Energy from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Birchcliff Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$8.57.

Birchcliff Energy Trading Up 7.0%

The company has a debt-to-equity ratio of 23.09, a current ratio of 1.17 and a quick ratio of 0.97. The business’s 50 day moving average price is C$6.48 and its 200-day moving average price is C$6.98. The firm has a market capitalization of C$1.90 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 0.35 and a beta of -0.56.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings results on Wednesday, May 13th. The oil and natural gas company reported C$0.25 earnings per share (EPS) for the quarter. Birchcliff Energy had a net margin of 9.59% and a return on equity of 3.07%. The business had revenue of C$217.76 million for the quarter. Equities analysts forecast that Birchcliff Energy Ltd. will post 0.1118631 EPS for the current fiscal year.

Birchcliff Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, March 13th. Birchcliff Energy’s dividend payout ratio is presently 48.00%.

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