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

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) have been given a consensus rating of “Strong Buy” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a buy rating and six have given a strong buy rating to the company.

A number of research firms recently commented on BIREF. National Bankshares reaffirmed an “outperform” rating on shares of Birchcliff Energy in a research note on Thursday, May 15th. Canaccord Genuity Group upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Raymond James raised shares of Birchcliff Energy to a “moderate buy” rating in a research note on Monday, April 7th. Cibc World Mkts raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th. Finally, Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a report on Thursday, March 13th.

Birchcliff Energy Price Performance

Shares of OTCMKTS:BIREF opened at $4.73 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. Birchcliff Energy has a 52 week low of $3.15 and a 52 week high of $4.87. The firm has a market cap of $1.29 billion, a PE ratio of 33.79 and a beta of 0.53. The firm’s fifty day moving average is $4.43 and its 200-day moving average is $4.06.

Birchcliff Energy (OTCMKTS:BIREF) last announced its earnings results on Wednesday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. Birchcliff Energy had a return on equity of 2.49% and a net margin of 9.39%. The business had revenue of $136.68 million during the quarter, compared to analyst estimates of $141.51 million.

Birchcliff Energy Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid 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 dividend payout ratio is currently 22.86%.

About Birchcliff Energy

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.