Birchcliff Energy Ltd. (TSE:BIR)’s share price fell 2.7% on Tuesday . The company traded as low as C$5.65 and last traded at C$5.77. 2,893,548 shares were traded during trading, an increase of 250% from the average session volume of 826,395 shares. The stock had previously closed at C$5.93.

BIR has been the subject of several research reports. National Bank Financial cut their price target on Birchcliff Energy from C$10.00 to C$9.25 and set an “outperform” rating for the company in a report on Wednesday, August 2nd. Raymond James Financial, Inc. upped their price objective on shares of Birchcliff Energy from C$9.75 to C$10.25 and gave the company an “outperform” rating in a report on Friday, August 11th. Finally, Royal Bank Of Canada upped their price objective on shares of Birchcliff Energy from C$9.00 to C$11.00 in a report on Thursday, July 20th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$11.69.

The firm has a 50-day moving average price of $5.92 and a 200 day moving average price of $6.37. The stock has a market cap of $1.52 billion and a P/E ratio of 26.721.

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, October 2nd were given a dividend of $0.025 per share. The ex-dividend date was Wednesday, September 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.69%.

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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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