Key Points
- Insider Christopher Andrew Carlsen bought 2,080 shares on December 16 at C$7.22 each, raising his stake to 121,435 shares (a 1.74% increase) now worth about C$876,761.
- Birchcliff declared a quarterly dividend of C$0.03 per share (annualized C$0.12) with an ex-dividend date of Dec. 15, implying a ~1.7% yield and a payout ratio of 70.37%.
- Shares trade near C$7.12 (52-week range C$4.54–C$8.19) with a market cap of ~C$1.95B, and analysts’ consensus is a Buy with an average target price of C$8.25.
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Birchcliff Energy Ltd. (TSE:BIR - Get Free Report) insider Christopher Andrew Carlsen acquired 2,080 shares of Birchcliff Energy stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average price of C$7.22 per share, with a total value of C$15,017.60. Following the completion of the purchase, the insider directly owned 121,435 shares in the company, valued at C$876,760.70. This represents a 1.74% increase in their position.
Birchcliff Energy Stock Down 0.3%
Shares of TSE:BIR opened at C$7.12 on Friday. Birchcliff Energy Ltd. has a 52-week low of C$4.54 and a 52-week high of C$8.19. The firm has a market capitalization of C$1.95 billion, a P/E ratio of 26.37, a P/E/G ratio of 0.35 and a beta of 0.09. The stock has a 50 day moving average price of C$6.92 and a 200-day moving average price of C$6.70. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01.
Birchcliff Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.7%. Birchcliff Energy's payout ratio is currently 70.37%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on BIR shares. National Bankshares reduced their price target on Birchcliff Energy from C$9.25 to C$9.00 and set an "outperform" rating for the company in a report on Wednesday, October 22nd. CIBC boosted their target price on shares of Birchcliff Energy from C$8.50 to C$9.50 in a research note on Wednesday, October 15th. BMO Capital Markets raised shares of Birchcliff Energy from a "hold" rating to an "outperform" rating and boosted their price target for the company from C$7.50 to C$8.50 in a research report on Monday. Finally, Scotiabank reduced their price target on shares of Birchcliff Energy from C$10.00 to C$9.00 in a research report on Thursday, October 9th. Four research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$8.25.
Read Our Latest Research Report on BIR
About Birchcliff Energy
(
Get Free Report)
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.
Further Reading
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