Birchcliff Energy Ltd. (TSE:BIR) Director Aaron Jeffery Tonken Sells 200,000 Shares

Birchcliff Energy Ltd. (TSE:BIR) Director Aaron Jeffery Tonken sold 200,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$5.53, for a total transaction of C$1,106,000.00.

Birchcliff Energy Trading Down 1.8 %

Shares of BIR stock opened at C$5.42 on Monday. The firm has a fifty day moving average of C$5.43 and a 200-day moving average of C$5.79. The stock has a market cap of C$1.46 billion, a price-to-earnings ratio of 33.88, a P/E/G ratio of 0.35 and a beta of 1.93. Birchcliff Energy Ltd. has a 52-week low of C$4.61 and a 52-week high of C$6.89. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52.

Birchcliff Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.38%. The ex-dividend date of this dividend was Friday, September 13th. Birchcliff Energy’s dividend payout ratio (DPR) is presently 250.00%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BIR. Scotiabank decreased their target price on Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. Cormark raised Birchcliff Energy to a “strong-buy” rating in a research report on Monday, September 23rd. National Bankshares lowered their price objective on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. TD Securities cut their target price on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. Finally, Canaccord Genuity Group decreased their price target on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research report on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$6.45.

Birchcliff Energy Company Profile

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.