Hue Tran Sells 28,600 Shares of Birchcliff Energy Ltd. (TSE:BIR) Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Hue Tran sold 28,600 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$5.10, for a total value of C$145,860.00.

Hue Tran also recently made the following trade(s):

• On Friday, December 6th, Hue Tran sold 31,400 shares of Birchcliff Energy stock. The shares were sold at an average price of C$5.02, for a total value of C$157,628.00.

Birchcliff Energy Trading Down 0.4 %

BIR stock traded down C$0.02 during mid-day trading on Tuesday, hitting C$5.03. 691,226 shares of the company were exchanged, compared to its average volume of 1,282,952. Birchcliff Energy Ltd. has a 12-month low of C$4.61 and a 12-month high of C$6.54. The firm has a market capitalization of C$1.35 billion, a P/E ratio of 31.44, a PEG ratio of 0.35 and a beta of 1.93. The business has a fifty day simple moving average of C$5.34 and a 200-day simple moving average of C$5.75. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26.

Birchcliff Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.95%. Birchcliff Energy’s payout ratio is currently 250.00%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BIR. Canaccord Genuity Group decreased their price objective on shares of Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. TD Securities cut their price objective on Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. Scotiabank dropped their target price on shares of Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating for the company 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 report on Friday, September 27th. Finally, Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Eight equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$6.45.

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.