The shares of Birchcliff Energy Ltd. (TSE:BIR – Get Rating) received an average recommendation of “Buy” from the ten analysts who cover the company, reports MarketBeat.com. Four analysts rated the stock with a buy rating. The 12-month average price target among analysts who have rated the stock over the past year is C$12.43.

A number of equity research analysts have recently released reports on the company. National Bankshares cut its price target on Birchcliff Energy from C$15.00 to C$13.50 and set an “outperform” rating for the stock in a Monday, July 18 research report. Raymond James raised his price target on Birchcliff Energy from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a Thursday, August 11 research report. Scotiabank raised its target price on Birchcliff Energy from C$13.00 to C$14.00 in a Thursday, July 14 research report. Haywood Securities cut its price target on Birchcliff Energy from C$15.00 to C$14.00 and set an “outperform” rating for the stock in a Wednesday, July 27 research report. Finally, Stifel Nicolaus raised his price target on Birchcliff Energy from CA$11.25 to CA$11.50 in a Friday, August 12 research report.

Birchcliff Energy shares down 3.6%

Shares of Birchcliff Energy opened at C$11.13 on Monday. The stock’s 50-day moving average is C$10.29 and its 200-day moving average is C$9.70. The company has a market capitalization of C$2.95 billion and a PE ratio of 5.27. The company has a quick ratio of 0.73, a current ratio of 0.90 and a debt ratio of 14.88. Birchcliff Energy has a 12-month low of C$5.42 and a 12-month high of C$12.48.

Birchcliff Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3. Investors of record on Monday, October 3 will receive a dividend of $0.02 per share. This represents an annualized dividend of $0.08 and a dividend yield of 0.72%. The ex-dividend date is Wednesday, September 14. Birchcliff Energy’s dividend payout ratio is currently 2.13%.

About Birchcliff Energy

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Birchcliff Energy Ltd., an oil and natural gas midstream company, acquires, explores, develops and produces natural gas, light oil, condensate and natural gas liquids in Western Canada. The Company holds interests in the Montney/Doig resource play located approximately 95 km northwest of Grande Prairie, Alberta.

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