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

Shares of Birchcliff Energy Ltd. (TSE:BIR) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$8.57.

Several equities research analysts have recently weighed in on BIR shares. BMO Capital Markets cut Birchcliff Energy from an “outperform” rating to a “hold” rating and reduced their price objective for the company from C$8.50 to C$7.00 in a research report on Tuesday, April 7th. Raymond James Financial increased their price objective on Birchcliff Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Thursday, May 14th.

Birchcliff Energy Stock Down 2.8%

Shares of Birchcliff Energy stock opened at C$6.30 on Thursday. The stock has a market capitalization of C$1.73 billion, a P/E ratio of 25.20, a PEG ratio of 0.35 and a beta of -0.56. The company has a quick ratio of 0.97, a current ratio of 1.17 and a debt-to-equity ratio of 23.09. The stock has a 50 day moving average price of C$6.41 and a two-hundred day moving average price of C$6.89. Birchcliff Energy has a 12-month low of C$5.69 and a 12-month high of C$8.19.

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

Birchcliff Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 15th. Birchcliff Energy’s dividend payout ratio is currently 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.