Insider Selling: Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Sells C$207,404.59 in Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Robyn Bourgeois sold 33,333 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$6.22, for a total value of C$207,404.59.

Birchcliff Energy Price Performance

BIR opened at C$6.01 on Monday. The stock has a market cap of C$1.62 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 0.35 and a beta of 2.01. Birchcliff Energy Ltd. has a 1 year low of C$4.61 and a 1 year high of C$8.68. The company has a current ratio of 0.73, a quick ratio of 0.97 and a debt-to-equity ratio of 20.12. The stock has a fifty day moving average price of C$5.93 and a 200 day moving average price of C$5.62.

Birchcliff Energy (TSE:BIR) last released its quarterly earnings data on Wednesday, May 15th. The oil and natural gas company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.05). Birchcliff Energy had a net margin of 5.57% and a return on equity of 1.65%. The firm had revenue of C$163.30 million for the quarter. Analysts forecast that Birchcliff Energy Ltd. will post 0.0911973 EPS for the current fiscal year.

Birchcliff Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, June 14th. This represents a $0.40 annualized dividend and a yield of 6.66%. Birchcliff Energy’s dividend payout ratio (DPR) is currently 285.71%.

Analyst Ratings Changes

BIR has been the subject of several recent analyst reports. CIBC raised their target price on Birchcliff Energy from C$5.00 to C$5.75 in a research report on Thursday, March 14th. Canaccord Genuity Group raised their target price on Birchcliff Energy from C$5.50 to C$6.00 and gave the stock a “hold” rating in a research report on Wednesday, June 5th. Finally, BMO Capital Markets raised their target price on Birchcliff Energy from C$5.50 to C$6.00 in a research report on Thursday, May 16th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$6.47.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.