Birchcliff Energy (BIR) Earns Outperform Rating from Raymond James

Raymond James restated their outperform rating on shares of Birchcliff Energy (TSE:BIR) in a report issued on Thursday morning. The firm currently has a C$5.00 price objective on the oil and natural gas company’s stock.

A number of other brokerages have also recently weighed in on BIR. GMP Securities dropped their price target on Birchcliff Energy from C$6.25 to C$5.50 in a research report on Thursday, December 13th. National Bank Financial dropped their price target on Birchcliff Energy from C$7.25 to C$6.00 and set an outperform rating on the stock in a research report on Monday, December 10th. BMO Capital Markets increased their price target on Birchcliff Energy from C$4.00 to C$4.25 and gave the stock a market perform rating in a research report on Thursday, February 14th. TD Securities dropped their price target on Birchcliff Energy from C$7.50 to C$7.00 and set an action list buy rating on the stock in a research report on Friday, February 15th. Finally, Haywood Securities dropped their price target on Birchcliff Energy from C$6.50 to C$6.00 in a research report on Thursday, January 17th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of C$6.21.

Shares of Birchcliff Energy stock opened at C$3.72 on Thursday. The company has a debt-to-equity ratio of 40.06, a quick ratio of 0.68 and a current ratio of 0.86. The company has a market cap of $989.19 million and a PE ratio of 19.08. Birchcliff Energy has a twelve month low of C$2.57 and a twelve month high of C$5.45.

Birchcliff Energy (TSE:BIR) last announced its quarterly earnings results on Wednesday, February 13th. The oil and natural gas company reported C$0.27 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.14. The company had revenue of C$154.72 million for the quarter, compared to analyst estimates of C$174.00 million. As a group, research analysts expect that Birchcliff Energy will post 0.339999976209914 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, April 1st will be given a $0.0262 dividend. This is a boost from Birchcliff Energy’s previous quarterly dividend of $0.03. This represents a $0.10 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, March 14th. Birchcliff Energy’s dividend payout ratio (DPR) is currently 51.28%.

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.

See Also: Intrinsic Value

Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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