Aaron Jeffery Tonken Acquires 4,700 Shares of Birchcliff Energy Ltd. (BIR) Stock

Birchcliff Energy Ltd. (TSE:BIR) Director Aaron Jeffery Tonken bought 4,700 shares of Birchcliff Energy stock in a transaction dated Monday, April 16th. The stock was acquired at an average cost of C$4.23 per share, for a total transaction of C$19,881.00.

Shares of TSE BIR traded up C$0.07 during mid-day trading on Tuesday, hitting C$4.19. The company’s stock had a trading volume of 1,418,591 shares, compared to its average volume of 2,546,026. Birchcliff Energy Ltd. has a one year low of C$2.90 and a one year high of C$7.68.

How to Become a New Pot Stock Millionaire

Birchcliff Energy (TSE:BIR) last issued its earnings results on Wednesday, February 14th. The oil and natural gas company reported C$0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.06). The business had revenue of C$166.15 million during the quarter, compared to the consensus estimate of C$175.40 million. Birchcliff Energy had a negative net margin of 112.10% and a negative return on equity of 28.79%.

The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, April 2nd were given a $0.025 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.39%.

BIR has been the topic of several recent research reports. Eight Capital raised their target price on shares of Birchcliff Energy from C$5.00 to C$5.35 in a research note on Wednesday, April 4th. BMO Capital Markets lowered shares of Birchcliff Energy from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$7.50 to C$4.00 in a research note on Thursday, January 11th. CIBC reduced their target price on shares of Birchcliff Energy from C$7.50 to C$6.00 in a research note on Tuesday, January 23rd. National Bank Financial reduced their target price on shares of Birchcliff Energy from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research note on Thursday, March 15th. Finally, Scotiabank raised their target price on shares of Birchcliff Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Wednesday, April 4th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Birchcliff Energy presently has an average rating of “Buy” and an average price target of C$6.61.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://sportsperspectives.com/2018/04/17/aaron-jeffery-tonken-acquires-4700-shares-of-birchcliff-energy-ltd-bir-stock.html.

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.

Insider Buying and Selling by Quarter for Birchcliff Energy (TSE:BIR)

Receive News & Ratings for Birchcliff Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Birchcliff Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply