Birchcliff Energy (TSE:BIR) Releases Earnings Results

Birchcliff Energy (TSE:BIR) issued its quarterly earnings data on Wednesday. The oil and natural gas company reported C$0.05 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$193.41 million for the quarter. Birchcliff Energy had a net margin of 9.59% and a return on equity of 3.07%.

Birchcliff Energy Stock Performance

Birchcliff Energy stock traded down C$0.03 during mid-day trading on Wednesday, reaching C$6.38. 663,356 shares of the company traded hands, compared to its average volume of 1,479,008. The company has a debt-to-equity ratio of 23.09, a current ratio of 1.17 and a quick ratio of 0.97. Birchcliff Energy has a fifty-two week low of C$5.69 and a fifty-two week high of C$8.19. The company has a market capitalization of C$1.75 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 0.35 and a beta of -0.57. The firm’s fifty day moving average is C$6.39 and its two-hundred day moving average is C$6.66.

Birchcliff Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.03 per share. The ex-dividend date was Monday, June 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.9%. Birchcliff Energy’s dividend payout ratio is presently 48.00%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BIR shares. Raymond James Financial upped their price target on Birchcliff Energy from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Scotiabank upgraded Birchcliff Energy to a “hold” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$8.67.

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.