Birchcliff Energy Ltd. (TSE:BIR) Receives Average Rating of “Moderate Buy” from Analysts

Birchcliff Energy Ltd. (TSE:BIR) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$8.50.

A number of equities research analysts have recently weighed in on BIR shares. BMO Capital Markets cut Birchcliff Energy from an “outperform” rating to a “hold” rating and dropped their price objective for the company from C$8.50 to C$7.00 in a research note on Tuesday, April 7th. Canadian Imperial Bank of Commerce cut Birchcliff Energy from an “outperform” rating to a “hold” rating and dropped their price objective for the company from C$9.50 to C$8.50 in a research note on Tuesday, January 13th.

Birchcliff Energy Price Performance

BIR stock opened at C$6.61 on Wednesday. The business has a fifty day moving average of C$6.76 and a two-hundred day moving average of C$6.98. The company has a quick ratio of 0.97, a current ratio of 1.74 and a debt-to-equity ratio of 27.56. The stock has a market cap of C$1.82 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 0.35 and a beta of -0.30. Birchcliff Energy has a 52-week low of C$5.69 and a 52-week high of C$8.19.

Birchcliff Energy (TSE:BIR) last posted its earnings results on Wednesday, February 11th. The oil and natural gas company reported C$0.10 earnings per share (EPS) for the quarter. The company had revenue of C$164.42 million during the quarter. Birchcliff Energy had a return on equity of 2.90% and a net margin of 9.27%. As a group, research analysts anticipate that Birchcliff Energy will post 0.1118631 earnings per share for the current year.

Birchcliff Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid 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 dividend yield of 1.8%. Birchcliff Energy’s payout ratio is presently 50.00%.

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.