Birchcliff Energy Ltd. (TSE:BIR) Director Aaron Jeffery Tonken Sells 119,700 Shares

Birchcliff Energy Ltd. (TSE:BIR) Director Aaron Jeffery Tonken sold 119,700 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of C$7.39, for a total value of C$884,583.00.

Aaron Jeffery Tonken also recently made the following trade(s):

• On Friday, April 25th, Aaron Jeffery Tonken sold 300 shares of Birchcliff Energy stock. The stock was sold at an average price of C$6.04, for a total value of C$1,812.00.

Birchcliff Energy Trading Down 0.3%

Shares of Birchcliff Energy stock opened at C$7.39 on Tuesday. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01. Birchcliff Energy Ltd. has a 52 week low of C$4.53 and a 52 week high of C$7.52. The stock has a 50 day moving average price of C$6.34 and a two-hundred day moving average price of C$5.89. The stock has a market capitalization of C$2.00 billion, a PE ratio of 129.44, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93.

Birchcliff Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, June 13th. This represents a $0.12 annualized dividend and a yield of 1.62%. Birchcliff Energy’s dividend payout ratio (DPR) is currently 700.63%.

Analyst Ratings Changes

A number of brokerages have weighed in on BIR. National Bankshares lifted their target price on Birchcliff Energy from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Cibc World Mkts upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 13th. Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a report on Thursday, March 13th. Raymond James set a C$7.50 target price on Birchcliff Energy and gave the stock a “market perform” rating in a report on Tuesday, April 8th. Finally, CIBC upgraded Birchcliff Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$7.00 to C$8.00 in a report on Thursday, March 13th. Five investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$7.16.

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.