Hue Tran Sells 28,600 Shares of Birchcliff Energy Ltd. (TSE:BIR) Stock

Birchcliff Energy Ltd. (TSE:BIR) Senior Officer Hue Tran sold 28,600 shares of Birchcliff Energy stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$5.10, for a total transaction of C$145,860.00.

Hue Tran also recently made the following trade(s):

• On Friday, December 6th, Hue Tran sold 31,400 shares of Birchcliff Energy stock. The stock was sold at an average price of C$5.02, for a total value of C$157,628.00.

Birchcliff Energy Stock Down 0.4 %

TSE BIR traded down C$0.02 during midday trading on Tuesday, hitting C$5.03. 691,226 shares of the company traded hands, compared to its average volume of 1,282,952. The company has a market cap of C$1.35 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. The company’s 50-day simple moving average is C$5.34 and its 200-day simple moving average is C$5.75. Birchcliff Energy Ltd. has a 52 week low of C$4.61 and a 52 week high of C$6.54. The company has a debt-to-equity ratio of 22.26, a current ratio of 1.52 and a quick ratio of 0.97.

Birchcliff Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of 7.95%. Birchcliff Energy’s dividend payout ratio (DPR) is 250.00%.

Analyst Upgrades and Downgrades

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

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.