Bruno Geremia Acquires 3,000 Shares of Birchcliff Energy (TSE:BIR) Stock

Birchcliff Energy Ltd. (TSE:BIR) insider Bruno Geremia purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were purchased at an average price of C$7.35 per share, for a total transaction of C$22,050.00. Following the completion of the transaction, the insider directly owned 641,000 shares of the company’s stock, valued at C$4,711,350. This represents a 0.47% increase in their ownership of the stock.

Birchcliff Energy Stock Up 0.5%

BIR traded up C$0.04 during trading on Monday, reaching C$7.40. The stock had a trading volume of 435,375 shares, compared to its average volume of 1,171,679. Birchcliff Energy Ltd. has a one year low of C$4.53 and a one year high of C$8.19. The company has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 0.35 and a beta of 0.09. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 27.63. The stock’s 50 day moving average is C$6.82 and its two-hundred day moving average is C$6.68.

Birchcliff Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.12 annualized dividend and a yield of 1.6%. Birchcliff Energy’s payout ratio is presently 70.37%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. CIBC raised their target price on shares of Birchcliff Energy from C$8.50 to C$9.50 in a research note on Wednesday, October 15th. National Bankshares cut their price target on Birchcliff Energy from C$9.25 to C$9.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. BMO Capital Markets raised Birchcliff Energy from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$7.50 to C$8.50 in a research report on Monday. Finally, Scotiabank dropped their target price on Birchcliff Energy from C$10.00 to C$9.00 in a report on Thursday, October 9th. Four research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$8.25.

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.