Birchcliff Energy Ltd. (TSE:BIR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Birchcliff Energy Ltd. (TSE:BIR) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$8.57.

BIR has been the subject of several recent research reports. Raymond James Financial boosted their price target on Birchcliff Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a report on Thursday, May 14th. BMO Capital Markets lowered Birchcliff Energy from an “outperform” rating to a “hold” rating and cut their price target for the company from C$8.50 to C$7.00 in a report on Tuesday, April 7th.

Birchcliff Energy Stock Performance

TSE:BIR opened at C$6.44 on Friday. The stock has a 50-day simple moving average of C$6.60 and a two-hundred day simple moving average of C$6.99. Birchcliff Energy has a 52-week low of C$5.69 and a 52-week high of C$8.19. The company has a debt-to-equity ratio of 23.09, a quick ratio of 0.97 and a current ratio of 1.17. The firm has a market capitalization of C$1.77 billion, a PE ratio of 25.76, a P/E/G ratio of 0.35 and a beta of -0.30.

Birchcliff Energy (TSE:BIR) last released 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 return on equity of 3.07% and a net margin of 9.59%.The business had revenue of C$217.76 million during the quarter. Analysts forecast that Birchcliff Energy will post 0.1118631 EPS for the current year.

Birchcliff Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, March 13th. Birchcliff Energy’s payout ratio is presently 48.00%.

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.