Birchcliff Energy (TSE:BIR) had its target price lowered by CIBC from C$5.75 to C$4.00 in a research note issued to investors on Thursday, BayStreet.CA reports.
A number of other research firms also recently commented on BIR. National Bank Financial cut their price objective on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a report on Tuesday, June 25th. GMP Securities restated a buy rating and issued a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. Canaccord Genuity upgraded Nuvista Energy to a buy rating in a report on Tuesday, April 9th. Finally, Raymond James set a C$3.50 price objective on StorageVault Canada and gave the stock a strong-buy rating in a report on Thursday, May 16th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$5.69.
TSE BIR opened at C$2.99 on Thursday. The stock’s 50-day simple moving average is C$2.79. Birchcliff Energy has a twelve month low of C$2.54 and a twelve month high of C$5.45. The stock has a market capitalization of $795.11 million and a P/E ratio of 7.97. The company has a debt-to-equity ratio of 37.93, a current ratio of 0.81 and a quick ratio of 0.63.
Birchcliff Energy (TSE:BIR) last released its earnings results on Wednesday, May 15th. The oil and natural gas company reported C$0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.15 by C$0.02. The business had revenue of C$178.36 million for the quarter, compared to analysts’ expectations of C$178.10 million. Sell-side analysts predict that Birchcliff Energy will post 0.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, July 2nd were issued a $0.0262 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.51%. Birchcliff Energy’s dividend payout ratio (DPR) is 27.00%.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other assets located in the Peace River Arch area of Alberta.
Further Reading: Price to Earnings Ratio (PE)
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