Birchcliff Energy Ltd. (BIR) To Go Ex-Dividend on September 15th

Birchcliff Energy Ltd. (TSE:BIR) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Tuesday, September 29th will be paid a dividend of 0.03 per share by the oil and natural gas company on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Birchcliff Energy Stock Down 1.1%

TSE BIR traded down C$0.07 during trading hours on Friday, hitting C$6.32. The company had a trading volume of 1,056,934 shares, compared to its average volume of 1,443,702. 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$1.73 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 0.35 and a beta of -0.52. The company has a debt-to-equity ratio of 24.38, a current ratio of 0.99 and a quick ratio of 0.97. The firm’s 50 day moving average is C$6.39 and its 200 day moving average is C$6.55.

Birchcliff Energy (TSE:BIR) last issued its earnings results on Wednesday, August 12th. The oil and natural gas company reported C$0.05 earnings per share for the quarter. Birchcliff Energy had a return on equity of 4.22% and a net margin of 13.31%.The company had revenue of C$193.41 million during the quarter. Sell-side analysts anticipate that Birchcliff Energy will post 0.1118631 earnings per share for the current fiscal year.

Analyst Ratings Changes

BIR has been the topic of several recent research reports. Raymond James Financial boosted 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, August 13th. Scotiabank upgraded shares of Birchcliff Energy to a “hold” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$8.67.

About Birchcliff Energy

Birchcliff is an intermediate oil and natural gas company based in Calgary, Alberta with operations focused on the exploration and development of the Montney Resource Play in Alberta. Birchcliff’s common shares are listed for trading on the Toronto Stock Exchange under the symbol ‘BIR’.