Insider Selling: Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Sells 33,333 Shares of Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Robyn Bourgeois sold 33,333 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$6.22, for a total transaction of C$207,404.59.

Birchcliff Energy Stock Down 1.0 %

Birchcliff Energy stock opened at C$6.01 on Monday. The stock has a market cap of C$1.62 billion, a P/E ratio of 42.93, a P/E/G ratio of 0.35 and a beta of 2.01. The company has a quick ratio of 0.97, a current ratio of 0.73 and a debt-to-equity ratio of 20.12. Birchcliff Energy Ltd. has a twelve month low of C$4.61 and a twelve month high of C$8.68. The company’s 50-day moving average price is C$5.93 and its two-hundred day moving average price is C$5.62.

Birchcliff Energy (TSE:BIR) last announced its earnings results on Wednesday, May 15th. The oil and natural gas company reported C($0.06) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.05). Birchcliff Energy had a return on equity of 1.65% and a net margin of 5.57%. The business had revenue of C$163.30 million for the quarter. As a group, analysts expect that Birchcliff Energy Ltd. will post 0.0911973 EPS for the current year.

Birchcliff Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were given a $0.10 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.40 dividend on an annualized basis and a yield of 6.66%. Birchcliff Energy’s dividend payout ratio is currently 285.71%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. CIBC increased their price objective on shares of Birchcliff Energy from C$5.00 to C$5.75 in a research note on Thursday, March 14th. BMO Capital Markets raised their target price on shares of Birchcliff Energy from C$5.50 to C$6.00 in a research note on Thursday, May 16th. Finally, Canaccord Genuity Group raised their target price on shares of Birchcliff Energy from C$5.50 to C$6.00 and gave the company a “hold” rating in a research note on Wednesday, June 5th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$6.47.

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.