Brokerages Set Birchcliff Energy Ltd. (TSE:BIR) Target Price at C$8.71

Birchcliff Energy Ltd. (TSE:BIR) has been assigned a consensus recommendation of “Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$8.71.

BIR has been the subject of a number of recent analyst reports. BMO Capital Markets upgraded shares of Birchcliff Energy from a “hold” rating to an “outperform” rating and increased their price target for the company from C$7.50 to C$8.50 in a research note on Monday, December 15th. Haywood Securities boosted their price objective on shares of Birchcliff Energy from C$8.00 to C$10.00 in a research note on Monday, December 22nd. Finally, Canadian Imperial Bank of Commerce downgraded shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and cut their target price for the company from C$9.50 to C$8.50 in a research note on Tuesday, January 13th.

Birchcliff Energy Trading Up 2.4%

Shares of Birchcliff Energy stock opened at C$7.56 on Tuesday. The stock has a market cap of C$2.08 billion, a P/E ratio of 31.50, a P/E/G ratio of 0.35 and a beta of -0.07. The company has a quick ratio of 0.97, a current ratio of 1.74 and a debt-to-equity ratio of 27.56. Birchcliff Energy has a 12-month low of C$5.16 and a 12-month high of C$8.19. The business’s 50 day moving average is C$7.06 and its 200-day moving average is C$6.83.

Birchcliff Energy (TSE:BIR) last released its earnings results on Wednesday, February 11th. The oil and natural gas company reported C$0.10 earnings per share for the quarter. The business had revenue of C$164.42 million during the quarter. Birchcliff Energy had a net margin of 9.27% and a return on equity of 2.90%. Equities research analysts predict that Birchcliff Energy will post 0.1118631 earnings per share for the current fiscal year.

Birchcliff Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be paid a $0.03 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.12 annualized dividend and a yield of 1.6%. Birchcliff Energy’s dividend payout ratio is currently 50.00%.

Birchcliff Energy Company Profile

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.