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

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) have earned an average recommendation of “Strong Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a strong buy recommendation.

Several equities analysts have recently commented on BIREF shares. Scotiabank upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a report on Thursday, March 13th. TD Securities upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. National Bank Financial upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, Cibc World Mkts raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th.

Birchcliff Energy Price Performance

BIREF stock opened at $3.84 on Wednesday. Birchcliff Energy has a 52-week low of $3.15 and a 52-week high of $4.87. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 27.43 and a beta of 0.51. The business has a fifty day moving average of $4.11 and a two-hundred day moving average of $3.93.

Birchcliff Energy (OTCMKTS:BIREF) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 earnings per share (EPS) 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 company also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.0209 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 2.44%. Birchcliff Energy’s payout ratio is 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.