Insider Sale: Birchcliff Energy Ltd. (TSE: BIR) Senior executive sells 25,000 shares

Birchcliff Energy Ltd. (TSE:BIR – Get Rating) Senior officer David Humphreys sold 25,000 shares of the company in a trade dated Tuesday, May 17. The stock was sold at an average price of CA$11.03, for a total value of CA$275,750.00.

Shares of TSE:BIR traded at C$0.15 midday Friday, hitting C$10.49. 873,190 shares of the company were traded, against an average volume of 2,111,228. The company has a market capitalization of C$2.78 billion and a P/E ratio of 9.42. The company has a debt ratio of 28.92, a quick ratio of 0.61 and a current ratio of 0.65. Birchcliff Energy Ltd. has a 52-week low of C$3.29 and a 52-week high of C$11.10. The company’s 50-day simple moving average is CA$8.99 and its 200-day simple moving average is CA$7.50.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31. Investors of record on Thursday, March 31 received a dividend of $0.01 per share. The ex-dividend date was Monday, March 14. This represents an annualized dividend of $0.04 and a dividend yield of 0.38%. Birchcliff Energy’s payout ratio is currently 2.65%.

Several equity analysts have recently weighed in on BIR shares. Cormark raised its price target on Birchcliff Energy from C$15.00 to C$16.00 in a Thursday, May 12 research note. Stifel Nicolaus raised his price target on Birchcliff Energy from C$9.50 to C$12.25 in a Friday, May 13 research note. Raymond James raised his price target on Birchcliff Energy from CA$11.00 to CA$12.00 and gave the company an “outperform” rating in a Thursday, May 12 research note. CIBC raised its price target on Birchcliff Energy from C$9.00 to C$11.00 in a Thursday, April 14 research note. Finally, TD Securities reduced its price target on Birchcliff Energy from CA$10.50 to CA$10.00 and placed a “buy” rating on the stock in a Thursday, January 20 research note. One research analyst gave the stock a hold rating and seven gave the company a buy rating. According to, the company currently has a consensus buy rating and a consensus target price of C$10.21.

Birchcliff Energy Company Profile (Get an evaluation)

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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