Aaron Jeffery Tonken Sells 200,000 Shares of Birchcliff Energy Ltd. (TSE:BIR) Stock

Birchcliff Energy Ltd. (TSE:BIR) Director Aaron Jeffery Tonken sold 200,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$5.53, for a total transaction of C$1,106,000.00.

Birchcliff Energy Price Performance

Shares of BIR stock opened at C$5.42 on Friday. The stock has a 50 day moving average price of C$5.43 and a 200 day moving average price of C$5.79. Birchcliff Energy Ltd. has a 52-week low of C$4.61 and a 52-week high of C$6.89. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52. The firm has a market capitalization of C$1.46 billion, a P/E ratio of 33.88, a P/E/G ratio of 0.35 and a beta of 1.93.

Birchcliff Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a dividend of $0.10 per share. The ex-dividend date was Friday, September 13th. This represents a $0.40 annualized dividend and a dividend yield of 7.38%. Birchcliff Energy’s dividend payout ratio (DPR) is 250.00%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BIR shares. Scotiabank reduced their target price on shares of Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. National Bankshares reduced their price objective on Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Canaccord Genuity Group cut their target price on Birchcliff Energy from C$6.00 to C$5.75 in a research report on Friday, November 15th. Finally, TD Securities lowered their price target on Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Eight investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Birchcliff Energy presently has a consensus rating of “Hold” and a consensus price target of C$6.45.

About Birchcliff Energy

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.