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

Birchcliff Energy Ltd. (TSE:BIR) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$8.67.

A number of analysts recently issued reports 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. Scotiabank raised Birchcliff Energy to a “hold” rating in a research note on Friday, June 26th. Finally, Raymond James Financial lifted 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.

Birchcliff Energy Stock Performance

Shares of TSE:BIR opened at C$6.30 on Monday. The firm has a fifty day moving average of C$6.47 and a two-hundred day moving average of C$6.75. The firm has a market capitalization of C$1.73 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 0.35 and a beta of -0.57. Birchcliff Energy has a 12-month low of C$5.69 and a 12-month high of C$8.19. The company has a quick ratio of 0.97, a current ratio of 1.17 and a debt-to-equity ratio of 23.09.

Birchcliff Energy (TSE:BIR) last posted its quarterly earnings results on Wednesday, May 13th. The oil and natural gas company reported C$0.25 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. On average, equities analysts expect that Birchcliff Energy will post 0.1118631 EPS for the current fiscal year.

Birchcliff Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.03 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.9%. Birchcliff Energy’s payout ratio is 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.