Birchcliff Energy (TSE:BIR) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Birchcliff Energy Ltd. (TSE:BIR)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$6.40 and traded as high as C$6.79. Birchcliff Energy shares last traded at C$6.75, with a volume of 817,858 shares trading hands.

Wall Street Analysts Forecast Growth

BIR has been the topic of several analyst reports. Scotiabank raised shares of Birchcliff Energy to a “hold” rating in a report on Friday, June 26th. Raymond James Financial lowered Birchcliff Energy from a “moderate buy” rating to a “hold” rating and decreased their price objective for the company from C$8.50 to C$8.00 in a report on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$8.50.

Birchcliff Energy Trading Down 0.7%

The company has a debt-to-equity ratio of 24.38, a current ratio of 0.99 and a quick ratio of 0.97. The stock has a market cap of C$1.86 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 0.35 and a beta of -0.57. The company’s fifty day moving average price is C$6.44 and its 200-day moving average price is C$6.40.

Birchcliff Energy (TSE:BIR) last released its earnings results on Wednesday, August 12th. The oil and natural gas company reported C$0.05 EPS for the quarter. The company had revenue of C$193.41 million during the quarter. Birchcliff Energy had a net margin of 13.31% and a return on equity of 4.22%. On average, research analysts expect that Birchcliff Energy Ltd. will post 0.11 EPS for the current fiscal year.

Birchcliff Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, September 15th. Birchcliff Energy’s payout ratio is presently 34.29%.

Birchcliff Energy Company Profile

Birchcliff is an intermediate oil and natural gas company based in Calgary, Alberta with operations focused on the exploration and development of the Montney Resource Play in Alberta. Birchcliff’s common shares are listed for trading on the Toronto Stock Exchange under the symbol ‘BIR’.