TD Securities Lowers Birchcliff Energy (TSE:BIR) Price Target to C$5.50

by · The Cerbat Gem

Birchcliff Energy (TSE:BIR – Free Report) had its target price trimmed by TD Securities from C$6.00 to C$5.50 in a research report released on Thursday, BayStreet.CA reports. The brokerage currently has a hold rating on the oil and natural gas company’s stock.

Other research analysts have also issued research reports about the company. ATB Capital dropped their price objective on Birchcliff Energy from C$10.00 to C$8.00 in a report on Tuesday, January 2nd. National Bankshares downgraded Birchcliff Energy from an outperform rating to a sector perform rating and decreased their target price for the stock from C$9.25 to C$6.50 in a research report on Wednesday, January 10th. BMO Capital Markets decreased their target price on Birchcliff Energy from C$8.50 to C$8.00 and set a market perform rating on the stock in a research report on Wednesday, November 15th. Royal Bank of Canada decreased their target price on Birchcliff Energy from C$8.00 to C$7.00 and set an outperform rating on the stock in a research report on Thursday. Finally, Stifel Nicolaus decreased their target price on Birchcliff Energy from C$6.50 to C$5.00 and set a hold rating on the stock in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of C$7.90.

Read Our Latest Report on BIR

Birchcliff Energy Trading Down 5.4 %

Shares of BIR stock opened at C$4.94 on Thursday. The business’s fifty day moving average price is C$6.16 and its 200 day moving average price is C$7.29. Birchcliff Energy has a 1-year low of C$4.77 and a 1-year high of C$9.45. The firm has a market capitalization of C$1.32 billion, a PE ratio of 15.44, a P/E/G ratio of 0.35 and a beta of 1.95. The company has a debt-to-equity ratio of 14.56, a current ratio of 0.93 and a quick ratio of 0.97.

Birchcliff Energy (TSE:BIR – Get Free Report) last announced its quarterly earnings data on Tuesday, November 14th. The oil and natural gas company reported C$0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.06. Birchcliff Energy had a return on equity of 3.62% and a net margin of 8.21%. The firm had revenue of C$177.13 million for the quarter. As a group, sell-side analysts forecast that Birchcliff Energy will post 0.6748058 EPS for the current fiscal year.

Birchcliff Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be given a $0.10 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 8.10%. Birchcliff Energy’s dividend payout ratio is currently 250.00%.

About Birchcliff Energy

(Get Free Report)

Birchcliff Energy Ltd., an intermediate oil and natural gas company, acquires, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play located approximately 95 km northwest of Grande Prairie, Alberta.

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