Birchcliff Energy Ltd. (TSE:BIR) Receives Consensus Rating of “Buy” from Brokerages

Shares of Birchcliff Energy Ltd. (TSE:BIR) have received a consensus recommendation of “Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$8.71.

A number of equities analysts have recently issued reports on BIR shares. Canadian Imperial Bank of Commerce lowered shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and reduced their target price for the stock from C$9.50 to C$8.50 in a research report on Tuesday, January 13th. BMO Capital Markets raised shares of 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 report on Monday, December 15th. Finally, Haywood Securities boosted their price objective on shares of Birchcliff Energy from C$8.00 to C$10.00 in a research report on Monday, December 22nd.

Birchcliff Energy Stock Performance

Birchcliff Energy stock opened at C$7.75 on Tuesday. The stock has a 50-day simple moving average of C$7.08 and a 200 day simple moving average of C$6.86. 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 stock has a market capitalization of C$2.13 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 0.35 and a beta of -0.07.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported C$0.10 EPS for the quarter. The firm had revenue of C$164.42 million for the quarter. Birchcliff Energy had a net margin of 9.27% and a return on equity of 2.90%. On average, research analysts anticipate that Birchcliff Energy will post 0.1118631 earnings per share for the current fiscal year.

Birchcliff Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th. Birchcliff Energy’s dividend payout ratio (DPR) is 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.