-logo.PNG?v=20210211152200 "Birchcliff Energy"){kind=logo}
Birchcliff Energy Ltd. (TSE:BIR – Get Rating) shares fell 2.8% during trading on Friday . The company traded as low as C$9.47 and last traded at C$9.54. 93,239 shares traded hands during trading, a decline of 95% from the average session volume of 1,896,820 shares. The stock had previously closed at C$9.81.
Wall Street Analyst Weigh In
A number of brokerages have commented on BIR. CIBC lifted their price target on Birchcliff Energy from C$12.00 to C$13.50 in a research report on Monday, August 22nd. Scotiabank lifted their price target on Birchcliff Energy from C$14.00 to C$16.00 in a research report on Monday, September 19th. National Bankshares lowered their price target on Birchcliff Energy from C$15.00 to C$13.50 and set an “outperform” rating for the company in a research report on Monday, July 18th. Stifel Nicolaus lifted their price objective on Birchcliff Energy from C$11.25 to C$11.50 in a research note on Friday, August 12th. Finally, Cormark lifted their price objective on Birchcliff Energy from C$16.00 to C$17.00 in a research note on Thursday, August 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$12.63.
Birchcliff Energy Price Performance
The company has a debt-to-equity ratio of 14.88, a quick ratio of 0.73 and a current ratio of 0.90. The stock has a 50 day simple moving average of C$10.57 and a two-hundred day simple moving average of C$9.91. The firm has a market cap of C$2.60 billion and a PE ratio of 4.65.
Birchcliff Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, October 3rd will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.82%. Birchcliff Energy’s dividend payout ratio is presently 3.79%.
Birchcliff Energy Company Profile
(Get Rating)
Birchcliff Energy Ltd., an intermediate oil and natural gas company, acquires, explores for, develops, and produces natural gas, light oil, condensate, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play located approximately 95 km northwest of Grande Prairie, Alberta.
Further Reading
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