BMO Capital Markets reaffirmed their market perform rating on shares of Birchcliff Energy (TSE:BIR) in a report published on Thursday morning. The brokerage currently has a C$3.50 target price on the oil and natural gas company’s stock.
Several other research analysts have also recently weighed in on the stock. National Bank Financial decreased their price objective on shares of Birchcliff Energy from C$7.00 to C$6.00 and set an outperform rating on the stock in a research report on Thursday. Royal Bank of Canada decreased their price objective on shares of Birchcliff Energy from C$7.00 to C$5.00 and set an outperform rating on the stock in a research report on Thursday, February 15th. Raymond James Financial decreased their price objective on shares of Birchcliff Energy from C$6.25 to C$5.25 in a research report on Monday, February 5th. Finally, CIBC decreased their price objective on shares of Birchcliff Energy from C$7.50 to C$6.00 in a research report on Tuesday, January 23rd.
BIR stock opened at C$3.40 on Thursday. The firm has a market cap of $837.26, a P/E ratio of -13.60 and a beta of 0.26. Birchcliff Energy has a 52-week low of C$2.90 and a 52-week high of C$8.17.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, April 2nd will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Wednesday, March 14th. Birchcliff Energy’s dividend payout ratio (DPR) is -30.00%.
In other Birchcliff Energy news, insider David Humphreys purchased 16,000 shares of Birchcliff Energy stock in a transaction on Monday, March 12th. The shares were acquired at an average cost of C$3.04 per share, for a total transaction of C$48,640.00. Over the last 90 days, insiders purchased 26,550 shares of company stock worth $121,714.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.
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