Birchcliff Energy Ltd. (OTCMKTS:BIREF) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) have been given an average rating of “Strong Buy” by the six research firms that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a strong buy rating.

BIREF has been the subject of a number of research reports. TD Securities raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Scotiabank raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Canaccord Genuity Group raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a research note on Thursday, March 13th. Finally, National Bank Financial raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd.

Birchcliff Energy Trading Up 5.6 %

OTCMKTS BIREF opened at $4.38 on Friday. The company has a market capitalization of $1.19 billion, a PE ratio of 31.29 and a beta of 0.63. The company has a fifty day moving average of $3.99 and a 200 day moving average of $3.90. Birchcliff Energy has a 1 year low of $3.15 and a 1 year high of $4.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01.

Birchcliff Energy (OTCMKTS:BIREF) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 earnings per share for the quarter. Birchcliff Energy had a net margin of 9.39% and a return on equity of 2.49%.

Birchcliff Energy Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.0209 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 2.44%. Birchcliff Energy’s dividend payout ratio is presently 57.14%.

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.