Birchcliff Energy Ltd. (TSE:BIR) declared a quarterly dividend on Thursday, December 14th, TickerTech reports. Investors of record on Tuesday, January 2nd will be paid a dividend of 0.025 per share by the oil and natural gas company on Tuesday, January 2nd. This represents a $0.10 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, December 14th.

Shares of Birchcliff Energy (TSE BIR) traded up C$0.09 on Friday, reaching C$4.17. The company had a trading volume of 2,120,900 shares, compared to its average volume of 1,226,889. Birchcliff Energy has a 52-week low of C$4.03 and a 52-week high of C$10.50.

Several brokerages recently issued reports on BIR. Raymond James Financial raised their price objective on Birchcliff Energy from C$9.75 to C$10.25 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Laurentian Bank of Canada raised their price objective on Birchcliff Energy from C$9.00 to C$10.00 in a research note on Friday, October 6th. Finally, Laurentian reduced their price objective on Birchcliff Energy from C$10.00 to C$9.00 in a research note on Friday, October 6th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of C$11.05.

In related news, insider Myles Bosman bought 5,700 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were purchased at an average cost of C$5.56 per share, with a total value of C$31,692.00. Insiders acquired 20,000 shares of company stock worth $107,505 over the last ninety days.

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Birchcliff Energy Company Profile

Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.

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