Birchcliff Energy (TSE:BIR) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Birchcliff Energy Ltd. (TSE:BIR – Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$6.63 and traded as low as C$6.50. Birchcliff Energy shares last traded at C$6.52, with a volume of 1,772,363 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Ventum Financial set a C$8.00 target price on shares of Birchcliff Energy and gave the company a “neutral” rating in a research note on Friday, October 23rd. Raymond James Financial lowered shares of Birchcliff Energy from a “moderate buy” rating to a “hold” rating and decreased their price target for the stock from C$8.50 to C$8.00 in a research report on Wednesday, September 16th. Five investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$8.30.

Read Our Latest Stock Analysis on BIR

Birchcliff Energy Price Performance

The stock has a 50-day simple moving average of C$6.57 and a 200 day simple moving average of C$6.62. The company has a debt-to-equity ratio of 24.38, a quick ratio of 0.97 and a current ratio of 0.99. The company has a market cap of C$1.80 billion, a P/E ratio of 18.77, a P/E/G ratio of 0.35 and a beta of -0.56.

Birchcliff Energy (TSE:BIR – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The oil and natural gas company reported C$0.05 earnings per share (EPS) for the quarter. The business had revenue of C$193.41 million for the quarter. Birchcliff Energy had a return on equity of 4.22% and a net margin of 13.31%. On average, equities analysts expect that Birchcliff Energy Ltd. will post 0.11 EPS for the current year.

Birchcliff Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.8%. Birchcliff Energy’s payout ratio is currently 34.29%.

About Birchcliff Energy

(Get Free Report)

Birchcliff is an intermediate oil and natural gas company based in Calgary, Alberta with operations focused on the exploration and development of the Montney Resource Play in Alberta. Birchcliff’s common shares are listed for trading on the Toronto Stock Exchange under the symbol ‘BIR’.

Further Reading

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