Birchcliff Energy Ltd. (TSE:BIR) Plans Quarterly Dividend of $0.03

Birchcliff Energy Ltd. (TSE:BIR) declared a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.03 per share by the oil and natural gas company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, June 15th.

Birchcliff Energy Stock Down 2.0%

BIR stock traded down C$0.13 during midday trading on Friday, hitting C$6.50. The company’s stock had a trading volume of 1,270,153 shares, compared to its average volume of 1,624,732. The company has a quick ratio of 0.97, a current ratio of 1.17 and a debt-to-equity ratio of 23.09. Birchcliff Energy has a 52-week low of C$5.69 and a 52-week high of C$8.19. The firm has a market capitalization of C$1.78 billion, a P/E ratio of 26.00, a PEG ratio of 0.35 and a beta of -0.56. The firm has a 50-day simple moving average of C$6.41 and a 200-day simple moving average of C$6.96.

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. Birchcliff Energy had a net margin of 9.59% and a return on equity of 3.07%. The company had revenue of C$217.76 million during the quarter. As a group, equities analysts forecast that Birchcliff Energy will post 0.1118631 EPS for the current year.

Analyst Upgrades and Downgrades

BIR has been the subject of several recent research reports. BMO Capital Markets cut shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$8.50 to C$7.00 in a research report on Tuesday, April 7th. Raymond James Financial raised their price target on shares of Birchcliff Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$8.57.

Birchcliff Energy Company Profile

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.