Birchcliff Energy Ltd. (BIR) To Go Ex-Dividend on December 15th

Birchcliff Energy Ltd. (TSE:BIR) announced a quarterly dividend on Monday, December 15th, TickerTech Dividends reports. Investors of record on Wednesday, December 31st will be given a dividend of 0.03 per share by the oil and natural gas company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 15th.

Birchcliff Energy Price Performance

Shares of TSE BIR traded down C$0.08 during midday trading on Friday, hitting C$7.36. 620,953 shares of the company’s stock were exchanged, compared to its average volume of 1,174,866. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 27.63. The business’s fifty day moving average price is C$6.82 and its two-hundred day moving average price is C$6.68. The company has a market cap of C$2.01 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 0.35 and a beta of 0.09. Birchcliff Energy has a 12-month low of C$4.53 and a 12-month high of C$8.19.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BIR. Scotiabank dropped their price objective on shares of Birchcliff Energy from C$10.00 to C$9.00 in a report on Thursday, October 9th. National Bankshares dropped their price target on Birchcliff Energy from C$9.25 to C$9.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. Finally, CIBC upped their price objective on Birchcliff Energy from C$8.50 to C$9.50 in a report on Wednesday, October 15th. Four research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$8.21.

About Birchcliff Energy

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.