Birchcliff Energy Ltd. (TSE:BIR) Given Consensus Rating of “Moderate Buy” by Analysts

Birchcliff Energy Ltd. (TSE:BIR) has received a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$8.57.

A number of research analysts recently commented on BIR shares. BMO Capital Markets downgraded Birchcliff Energy from an “outperform” rating to a “hold” rating and reduced their price target for the company from C$8.50 to C$7.00 in a report on Tuesday, April 7th. Raymond James Financial increased their price target on Birchcliff Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a report on Thursday, May 14th.

Birchcliff Energy Trading Down 1.0%

TSE:BIR opened at C$6.80 on Friday. The stock has a market cap of C$1.87 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 0.35 and a beta of -0.30. Birchcliff Energy has a one year low of C$5.69 and a one year high of C$8.19. The company has a debt-to-equity ratio of 23.09, a quick ratio of 0.97 and a current ratio of 1.17. The business’s 50-day simple moving average is C$6.52 and its 200 day simple moving average is C$6.99.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings results on Wednesday, May 13th. The oil and natural gas company reported C$0.25 EPS for the quarter. The firm had revenue of C$217.76 million during the quarter. Birchcliff Energy had a return on equity of 3.07% and a net margin of 9.59%. As a group, sell-side analysts predict that Birchcliff Energy will post 0.1118631 earnings per share for the current fiscal year.

Birchcliff Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.12 dividend on an annualized basis and a yield of 1.8%. Birchcliff Energy’s dividend payout ratio is currently 48.00%.

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. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes.