Birchcliff Energy Ltd. (BIR) Insider David Humphreys Sells 5,400 Shares of Stock

Birchcliff Energy Ltd. (TSE:BIR) insider David Humphreys sold 5,400 shares of the stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of C$4.53, for a total value of C$24,462.00.

David Humphreys also recently made the following trade(s):

Shares of Birchcliff Energy opened at C$4.53 on Tuesday, according to MarketBeat Ratings. Birchcliff Energy Ltd. has a fifty-two week low of C$2.90 and a fifty-two week high of C$6.63.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings results on Wednesday, May 9th. The oil and natural gas company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.09 by C($0.04). Birchcliff Energy had a negative return on equity of 28.79% and a negative net margin of 112.10%. The business had revenue of C$159.53 million during the quarter, compared to analysts’ expectations of C$154.00 million.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Tuesday, July 3rd will be issued a $0.025 dividend. The ex-dividend date is Thursday, June 14th. This represents a $0.10 annualized dividend and a dividend yield of 2.21%.

A number of equities research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Birchcliff Energy from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, May 10th. Canaccord Genuity upped their price objective on Birchcliff Energy from C$6.50 to C$7.00 in a research report on Thursday, May 10th. TD Securities upped their price objective on Birchcliff Energy from C$6.00 to C$6.50 in a research report on Thursday, May 10th. Scotiabank upped their price objective on Birchcliff Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Wednesday, April 4th. Finally, Raymond James upped their price objective on Birchcliff Energy from C$5.25 to C$6.25 and gave the company an “outperform” rating in a research report on Wednesday, April 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Birchcliff Energy currently has a consensus rating of “Buy” and an average target price of C$6.78.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces natural gas, light oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other natural gas, crude oil, and natural gas liquids assets located in the Peace River Arch area of Alberta.

Leave a Reply

Your email address will not be published. Required fields are marked *