Other equities analysts have also issued research reports about the company. Royal Bank of Canada lowered their price target on Birchcliff Energy from C$7.00 to C$5.00 and set an outperform rating on the stock in a report on Thursday, February 15th. Raymond James Financial lowered their price target on Birchcliff Energy from C$6.25 to C$5.25 in a report on Monday, February 5th. BMO Capital Markets reissued a market perform rating and set a C$3.50 price target on shares of Birchcliff Energy in a report on Thursday, March 15th. Finally, National Bank Financial lowered their price target on Birchcliff Energy from C$8.00 to C$7.00 and set an outperform rating on the stock in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Birchcliff Energy presently has a consensus rating of Buy and a consensus target price of C$6.34.
Birchcliff Energy (TSE BIR) opened at C$3.71 on Tuesday. The stock has a market capitalization of $837.26, a PE ratio of -14.84 and a beta of 0.26. Birchcliff Energy has a twelve month low of C$2.90 and a twelve month high of C$8.17.
Birchcliff Energy (TSE:BIR) last issued its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported C$0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.06). The firm had revenue of C$166.15 million for the quarter, compared to analysts’ expectations of C$175.40 million. Birchcliff Energy had a negative return on equity of 28.79% and a negative net margin of 112.10%.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, April 2nd will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Wednesday, March 14th. Birchcliff Energy’s dividend payout ratio is currently -40.00%.
In related news, insider David Humphreys purchased 16,000 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were purchased at an average price of C$3.04 per share, with a total value of C$48,640.00. In the last three months, insiders have purchased 26,550 shares of company stock worth $121,714.
About Birchcliff Energy
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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