Birchcliff Energy Ltd. (BIR) To Go Ex-Dividend on September 13th
Birchcliff Energy Ltd. (TSE:BIR) declared a quarterly dividend on Wednesday, September 13th, TickerTech reports. Shareholders of record on Monday, October 2nd will be given a dividend of 0.025 per share by the oil and natural gas company on Monday, October 2nd. This represents a $0.10 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, September 13th.
Birchcliff Energy (BIR) opened at 5.85 on Friday. Birchcliff Energy has a 52-week low of $5.33 and a 52-week high of $10.50. The firm’s 50 day moving average price is $5.87 and its 200 day moving average price is $6.50. The firm has a market cap of $1.55 billion and a price-to-earnings ratio of 27.21.
A number of analysts recently commented on the company. Royal Bank Of Canada decreased their price target on Birchcliff Energy from C$13.00 to C$11.00 and set an “outperform” rating for the company in a research report on Thursday, May 11th. National Bank Financial decreased their price target on Birchcliff Energy from C$10.00 to C$9.25 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd. Finally, Raymond James Financial, Inc. increased their price target on Birchcliff Energy from C$9.75 to C$10.25 and gave the company an “outperform” rating in a research report on Friday, August 11th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$11.69.
About Birchcliff Energy
Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.
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