Birchcliff Energy (TSE:BIR) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Birchcliff Energy Ltd. (TSE:BIR) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.56 and traded as high as C$6.60. Birchcliff Energy shares last traded at C$6.47, with a volume of 653,822 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Scotiabank raised Birchcliff Energy to a “hold” rating in a research report on Friday, June 26th. Raymond James Financial lifted their price objective on Birchcliff Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$8.67.

Birchcliff Energy Trading Up 0.6%

The stock has a market capitalization of C$1.75 billion, a P/E ratio of 18.26, a P/E/G ratio of 0.35 and a beta of -0.52. The stock’s 50 day moving average price is C$6.39 and its 200-day moving average price is C$6.55. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 24.38.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings data 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%. As a group, equities research analysts expect that Birchcliff Energy Ltd. will post 0.1118631 earnings per share for the current year.

Birchcliff Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Birchcliff Energy’s payout ratio is presently 34.29%.

About Birchcliff Energy

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’.