Robyn Bourgeois Sells 2,300 Shares of Birchcliff Energy Ltd. (TSE:BIR) Stock

On Monday, March 24th, Robyn Bourgeois, a Senior Officer at Birchcliff Energy Ltd. (TSE:BIR), sold 2,300 shares of the company’s stock. The shares were sold at an average price of C$6.48, amounting to a total sale value of C$14,904.00.

Birchcliff Energy Stock Performance

Recently, Birchcliff Energy’s stock saw a slight decline of 0.3%, dropping C$0.02 during trading, which brought the stock price down to C$6.65. During this trading session, the volume was 468,032 shares, significantly lower than the average volume of 1,473,386 shares. Birchcliff Energy holds a market capitalization of C$1.80 billion. Its price-to-earnings (P/E) ratio is 116.48 and has a P/E/G ratio of 0.35. The stock has fluctuated between a 12-month low of C$4.53 and a high of C$6.83. The company’s debt-to-equity ratio stands at 27.63, while its current and quick ratios are 1.01 and 0.97 respectively. Additionally, it has a 50-day moving average price of C$5.82 and a 200-day moving average price of C$5.53.

Dividend Announcement

Birchcliff Energy has also announced a quarterly dividend which is set to be paid on March 31st. Shareholders who are registered by that date will receive a dividend of $0.03, translating to an annualized dividend of $0.12. This results in a yield of 1.80%. The ex-dividend date was on March 14th, and currently, the company has a dividend payout ratio (DPR) of 700.63%.

Analyst Ratings and Market Sentiment

Several analysts recently provided updates on Birchcliff Energy. Canaccord Genuity Group upgraded the stock from a "hold" to a "buy" rating, increasing the price target from C$6.00 to C$7.00. Meanwhile, National Bankshares has set a higher target price of C$8.00 and rated the shares as "outperform." Cormark and Scotiabank have also given positive assessments, with the latter upgrading their rating from "sector perform" to "outperform." Overall, analysts have rated the stock with one hold rating, five buy ratings, and three strong buy ratings. According to MarketBeat, the average rating stands at "Buy" with a consensus price target of C$7.04.

About Birchcliff Energy

Birchcliff Energy Ltd. is an intermediate oil and gas company focused on the exploration, development, and production of natural gas, light oil, and natural gas liquids. The company operates primarily in resource plays within the Peace River Arch region of Alberta, ensuring it maintains control over its high-interest production and surrounding infrastructure.

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