Birchcliff Energy Ltd. (BIR) To Go Ex-Dividend on March 14th

Birchcliff Energy Ltd. (TSE:BIR) announced a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.03 per share by the oil and natural gas company on Monday, March 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, March 14th.

Birchcliff Energy Stock Performance

Shares of TSE BIR traded up C$0.13 during trading hours on Wednesday, reaching C$5.20. 398,761 shares of the stock were exchanged, compared to its average volume of 1,215,780. The firm has a market capitalization of C$1.41 billion, a price-to-earnings ratio of 91.08, a P/E/G ratio of 0.35 and a beta of 1.93. The stock’s fifty day simple moving average is C$5.71 and its 200 day simple moving average is C$5.52. 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 has a 52 week low of C$4.53 and a 52 week high of C$6.54.

Analyst Upgrades and Downgrades

BIR has been the topic of several recent research reports. TD Securities upgraded Birchcliff Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$5.50 to C$7.00 in a research report on Thursday, January 30th. Scotiabank raised shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research report on Friday, January 17th. Canaccord Genuity Group cut their price objective on shares of Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. National Bankshares raised shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$6.00 to C$8.00 in a report on Thursday, January 30th. Finally, CIBC boosted their price target on Birchcliff Energy from C$5.75 to C$6.00 in a research note on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$6.71.

About Birchcliff Energy

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.