Birchcliff Energy (TSE:BIR) Price Target Cut to C$7.00 by Analysts at Scotiabank

Birchcliff Energy (TSE:BIR) had its target price decreased by Scotiabank from C$7.50 to C$7.00 in a research report released on Wednesday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the oil and natural gas company’s stock.

Several other research analysts also recently commented on BIR. BMO Capital Markets boosted their price objective on shares of Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd. National Bankshares lowered their price target on Birchcliff Energy from C$6.50 to C$6.00 in a report on Friday, September 27th. Canaccord Genuity Group raised their price objective on Birchcliff Energy from C$6.00 to C$6.50 in a research note on Thursday, August 15th. Cormark raised Birchcliff Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, TD Securities dropped their target price on shares of Birchcliff Energy from C$5.50 to C$5.00 in a report on Tuesday, October 1st. Eight equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$6.53.

Birchcliff Energy Stock Performance

TSE:BIR opened at C$5.41 on Wednesday. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52. Birchcliff Energy has a fifty-two week low of C$4.61 and a fifty-two week high of C$8.11. The company has a market cap of C$1.46 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 0.35 and a beta of 1.93. The stock has a fifty day moving average price of C$5.77 and a 200-day moving average price of C$5.82.

Birchcliff Energy (TSE:BIR) last announced its quarterly earnings data on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.01) by C$0.18. The firm had revenue of C$146.98 million for the quarter. Birchcliff Energy had a net margin of 6.24% and a return on equity of 1.81%. As a group, equities analysts anticipate that Birchcliff Energy will post 0.1118631 EPS for the current fiscal year.

Birchcliff Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.10 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.40 dividend on an annualized basis and a yield of 7.39%. Birchcliff Energy’s dividend payout ratio (DPR) is presently 250.00%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.