Birchcliff Energy (TSE:BIR) Reaches New 1-Year Low – Time to Sell?

Shares of Birchcliff Energy Ltd. (TSE:BIR) hit a new 52-week low on Tuesday . The stock traded as low as C$4.57 and last traded at C$4.58, with a volume of 107963 shares changing hands. The stock had previously closed at C$4.68.

Analysts Set New Price Targets

BIR has been the subject of several analyst reports. TD Securities dropped their price target on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Scotiabank lowered their price target on Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. National Bankshares decreased their target price on Birchcliff Energy from C$6.50 to C$6.00 in a report on Friday, September 27th. Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a report on Monday, September 23rd. Finally, Canaccord Genuity Group dropped their target price 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$6.45.

Birchcliff Energy Trading Down 0.9 %

The company has a debt-to-equity ratio of 22.26, a current ratio of 1.52 and a quick ratio of 0.97. The company has a market cap of C$1.22 billion, a P/E ratio of 28.38, a P/E/G ratio of 0.35 and a beta of 1.93. The stock’s 50-day moving average is C$5.24 and its two-hundred day moving average is C$5.71.

Birchcliff Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 8.81%. Birchcliff Energy’s payout ratio is 250.00%.

Insider Activity

In other Birchcliff Energy news, Senior Officer Hue Tran sold 31,400 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of C$5.02, for a total value of C$157,628.00. Also, Director Aaron Jeffery Tonken sold 200,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$5.53, for a total transaction of C$1,106,000.00. Insiders sold 260,000 shares of company stock valued at $1,409,488 in the last quarter. 1.55% of the stock is currently owned by insiders.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure.