Key Points
- Insider Hue Tran bought 2,200 shares on Dec. 12 at C$7.35 (C$16,170 total), raising their stake to 75,658 shares — a 2.99% increase valued at about C$556,086.30.
- Birchcliff declared a quarterly dividend of $0.03 per share (annualized $0.12, yield 1.6%), with an ex-dividend date of Dec. 15 and payment on Dec. 31; the dividend payout ratio is 70.37%.
- The stock carries a consensus "Buy" rating with a consensus price target of C$8.25 amid several analyst upgrades, trading around C$7.42 and close to its 52-week high of C$8.19.
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Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) insider Hue Tran purchased 2,200 shares of the stock in a transaction dated Friday, December 12th. The stock was acquired at an average cost of C$7.35 per share, with a total value of C$16,170.00. Following the transaction, the insider directly owned 75,658 shares in the company, valued at approximately C$556,086.30. This trade represents a 2.99% increase in their position.
Birchcliff Energy Stock Performance
Shares of BIR stock opened at C$7.42 on Tuesday. The firm has a market cap of C$2.03 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 0.35 and a beta of 0.09. The company's 50 day moving average is C$6.85 and its 200 day moving average is C$6.69. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63. Birchcliff Energy Ltd. has a 52-week low of C$4.53 and a 52-week high of C$8.19.
Birchcliff Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 15th. Birchcliff Energy's dividend payout ratio (DPR) is 70.37%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on BIR. CIBC boosted their price target on Birchcliff Energy from C$8.50 to C$9.50 in a research report on Wednesday, October 15th. Scotiabank cut their target price on Birchcliff Energy from C$10.00 to C$9.00 in a research note on Thursday, October 9th. BMO Capital Markets upgraded shares of Birchcliff Energy from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from C$7.50 to C$8.50 in a report on Monday. Finally, National Bankshares lowered their price target on shares of Birchcliff Energy from C$9.25 to C$9.00 and set an "outperform" rating on the stock in a report on Wednesday, October 22nd. Four analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$8.25.
Read Our Latest Stock Report on BIR
About Birchcliff Energy
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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.
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