Canaccord Genuity Group Raises Birchcliff Energy (TSE:BIR) Price Target to C$6.50

Birchcliff Energy (TSE:BIR) had its price objective increased by Canaccord Genuity Group from C$6.00 to C$6.50 in a research note published on Thursday morning, BayStreet.CA reports.

Other analysts also recently issued reports about the company. Scotiabank lifted their price target on Birchcliff Energy from C$7.00 to C$7.50 in a report on Friday, July 12th. BMO Capital Markets upped their target price on shares of Birchcliff Energy from C$6.00 to C$6.50 in a report on Wednesday, July 3rd. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of C$6.68.

Birchcliff Energy Stock Down 2.1 %

Shares of TSE:BIR opened at C$6.17 on Thursday. Birchcliff Energy has a fifty-two week low of C$4.61 and a fifty-two week high of C$8.64. The firm’s 50 day moving average price is C$6.07 and its 200 day moving average price is C$5.71. The company has a quick ratio of 0.97, a current ratio of 0.73 and a debt-to-equity ratio of 20.12. The stock has a market cap of C$1.66 billion, a price-to-earnings ratio of 44.07, a price-to-earnings-growth ratio of 0.35 and a beta of 1.97.

Birchcliff Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.10 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.48%. Birchcliff Energy’s payout ratio is 285.71%.

Insider Buying and Selling

In other Birchcliff Energy news, Senior Officer Hue Tran sold 30,000 shares of Birchcliff Energy stock in a transaction that occurred on Thursday, July 4th. The stock was sold at an average price of C$6.32, for a total value of C$189,609.00. In other Birchcliff Energy news, Senior Officer Hue Tran sold 30,000 shares of Birchcliff Energy stock in a transaction that occurred on Thursday, July 4th. The stock was sold at an average price of C$6.32, for a total value of C$189,609.00. Also, 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 value of C$207,404.59. 1.55% of the stock is owned by company insiders.

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.