Birchcliff Energy Ltd. (TSE:BIR) insider Christopher Andrew Carlsen bought 4,000 shares of the business’s stock in a transaction on Tuesday, June 5th. The stock was bought at an average cost of C$4.22 per share, for a total transaction of C$16,880.00.
Shares of Birchcliff Energy traded down C$0.20, reaching C$4.57, during mid-day trading on Friday, according to Marketbeat. 1,185,100 shares of the company’s stock were exchanged, compared to its average volume of 2,319,637. Birchcliff Energy Ltd. has a twelve month low of C$2.90 and a twelve month high of C$6.63.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Tuesday, July 3rd will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, June 14th.
Several equities analysts have weighed in on the company. Raymond James increased their target price on Birchcliff Energy from C$5.25 to C$6.25 and gave the company an “outperform” rating in a research note on Wednesday, April 4th. Royal Bank of Canada cut their target price on Birchcliff Energy from C$7.00 to C$5.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. BMO Capital Markets reissued a “market perform” rating and issued a C$3.50 target price on shares of Birchcliff Energy in a research note on Thursday, March 15th. CIBC increased their target price on Birchcliff Energy from C$5.00 to C$6.00 in a research note on Tuesday, March 20th. Finally, TD Securities raised Birchcliff Energy from a “buy” rating to an “action list buy” rating and cut their target price for the company from C$8.50 to C$6.00 in a research note on Thursday, March 22nd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Birchcliff Energy has a consensus rating of “Buy” and a consensus target price of C$6.78.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces natural gas, light oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other natural gas, crude oil, and natural gas liquids assets located in the Peace River Arch area of Alberta.
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