Birchcliff Energy (OTCMKTS:BIREF) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Birchcliff Energy (OTCMKTS:BIREF) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

Separately, Scotiabank raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th.

Birchcliff Energy Trading Up 4.4 %

Shares of OTCMKTS BIREF opened at $4.23 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. Birchcliff Energy has a 12 month low of $3.15 and a 12 month high of $4.83. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 105.75 and a beta of 0.62. The business has a fifty day simple moving average of $3.71 and a 200-day simple moving average of $4.02.

Birchcliff Energy Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.0714 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a yield of 8.06%. Birchcliff Energy’s payout ratio is presently 700.18%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.