Birchcliff Energy (TSE:BIR) Insider Christopher Andrew Carlsen Purchases 2,080 Shares

Birchcliff Energy Ltd. (TSE:BIR) insider Christopher Andrew Carlsen bought 2,080 shares of the stock in a transaction dated Tuesday, December 16th. The shares were acquired at an average price of C$7.22 per share, for a total transaction of C$15,017.60. Following the completion of the transaction, the insider owned 121,435 shares of the company’s stock, valued at approximately C$876,760.70. The trade was a 1.74% increase in their position.

Birchcliff Energy Trading Down 0.3%

TSE:BIR opened at C$7.12 on Friday. The company has a debt-to-equity ratio of 27.63, a current ratio of 1.01 and a quick ratio of 0.97. Birchcliff Energy Ltd. has a 12 month low of C$4.54 and a 12 month high of C$8.19. The business’s 50-day moving average is C$6.92 and its two-hundred day moving average is C$6.70. The firm has a market capitalization of C$1.95 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 0.35 and a beta of 0.09.

Birchcliff Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th. Birchcliff Energy’s dividend payout ratio is presently 70.37%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BIR. Scotiabank dropped their price target on Birchcliff Energy from C$10.00 to C$9.00 in a research note on Thursday, October 9th. CIBC increased their target price on Birchcliff Energy from C$8.50 to C$9.50 in a research report on Wednesday, October 15th. National Bankshares decreased their price target on Birchcliff Energy from C$9.25 to C$9.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Finally, BMO Capital Markets upgraded Birchcliff Energy from a “hold” rating to an “outperform” rating and raised their price target for the company from C$7.50 to C$8.50 in a research note on Monday. Four equities research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$8.25.

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.