Birchcliff Energy Ltd. (TSE:BIR)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$4.61 and last traded at C$4.63, with a volume of 1281866 shares trading hands. The stock had previously closed at C$4.83.

BIR has been the topic of several research reports. Laurentian cut their price target on Birchcliff Energy from C$10.00 to C$9.00 in a research note on Friday, October 6th. Raymond James Financial cut their price target on Birchcliff Energy from C$10.00 to C$9.50 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Finally, Laurentian Bank of Canada raised their price target on Birchcliff Energy from C$9.00 to C$10.00 in a research note on Friday, October 6th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$11.05.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, January 2nd will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, December 14th. Birchcliff Energy’s payout ratio is currently -30.00%.

In related news, insider Myles Bosman acquired 5,700 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were bought at an average price of C$5.56 per share, with a total value of C$31,692.00. In the last ninety days, insiders have purchased 16,900 shares of company stock worth $94,231.

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Birchcliff Energy Company Profile

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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