Analysts Set Birchcliff Energy Ltd. (TSE:BIR) Price Target at C$8.50

Shares of Birchcliff Energy Ltd. (TSE:BIR) have been given an average rating of “Buy” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$8.50.

Several analysts have recently commented on the stock. Haywood Securities raised their price objective on shares of Birchcliff Energy from C$8.00 to C$10.00 in a research report on Monday, December 22nd. Canadian Imperial Bank of Commerce cut Birchcliff Energy from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$9.50 to C$8.50 in a report on Tuesday, January 13th. Finally, BMO Capital Markets raised Birchcliff Energy from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$7.50 to C$8.50 in a research note on Monday, December 15th.

Birchcliff Energy Trading Down 0.6%

Shares of TSE:BIR opened at C$6.67 on Friday. The stock has a 50 day moving average of C$7.16 and a 200 day moving average of C$6.74. The company has a market cap of C$1.83 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 0.35 and a beta of 0.07. Birchcliff Energy has a 12-month low of C$4.89 and a 12-month high of C$8.19. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 27.63.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported C$0.10 earnings per share for the quarter. The business had revenue of C$164.42 million for the quarter. Birchcliff Energy had a net margin of 2.04% and a return on equity of 0.70%. As a group, equities research analysts expect that Birchcliff Energy will post 0.1118631 EPS for the current year.

Birchcliff Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, December 15th. Birchcliff Energy’s dividend payout ratio is presently 70.37%.

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.