Birchcliff Energy Ltd. (TSE:BIR – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$8.67.
A number of research analysts have commented on BIR shares. BMO Capital Markets lowered Birchcliff Energy from an “outperform” rating to a “hold” rating and decreased their price objective for the company from C$8.50 to C$7.00 in a research report on Tuesday, April 7th. Raymond James Financial boosted their target price on Birchcliff Energy from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, Scotiabank raised Birchcliff Energy to a “hold” rating in a research note on Friday, June 26th.
Read Our Latest Stock Report on Birchcliff Energy
Birchcliff Energy Price Performance
Birchcliff Energy (TSE:BIR – Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The oil and natural gas company reported C$0.25 earnings per share for the quarter. Birchcliff Energy had a net margin of 9.59% and a return on equity of 3.07%. The business had revenue of C$217.76 million during the quarter. Sell-side analysts forecast that Birchcliff Energy will post 0.1118631 EPS for the current fiscal year.
Birchcliff Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.8%. Birchcliff Energy’s dividend payout ratio is 48.00%.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes.
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