Birchcliff Energy (TSE:BIR) Price Target Lowered to C$4.00 at Royal Bank of Canada

Birchcliff Energy (TSE:BIR) had its price objective trimmed by Royal Bank of Canada from C$4.50 to C$4.00 in a report released on Thursday, BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the company. CIBC reiterated a hold rating and set a $2.50 target price on shares of Advantage Oil & Gas in a report on Thursday. National Bank Financial lowered their target price on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a report on Tuesday, June 25th. Raymond James set a C$3.50 target price on StorageVault Canada and gave the stock a strong-buy rating in a report on Thursday, May 16th. Canaccord Genuity upgraded Nuvista Energy to a buy rating in a report on Tuesday, April 9th. Finally, GMP Securities reiterated a buy rating and set a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of C$5.69.

BIR opened at C$2.99 on Thursday. The company has a debt-to-equity ratio of 37.93, a quick ratio of 0.63 and a current ratio of 0.81. Birchcliff Energy has a 12 month low of C$2.54 and a 12 month high of C$5.45. The company has a fifty day moving average price of C$2.79. The company has a market cap of $795.11 million and a PE ratio of 7.97.

Birchcliff Energy (TSE:BIR) last released its quarterly earnings data on Wednesday, May 15th. The oil and natural gas company reported C$0.17 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.15 by C$0.02. The firm had revenue of C$178.36 million during the quarter, compared to the consensus estimate of C$178.10 million. On average, research analysts predict that Birchcliff Energy will post 0.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, July 2nd were paid a dividend of $0.0262 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.51%. Birchcliff Energy’s dividend payout ratio is 27.00%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other assets located in the Peace River Arch area of Alberta.

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Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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