Birchcliff Energy Ltd. (OTCMKTS:BIREF) Given Consensus Recommendation of “Strong Buy” by 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 company, Marketbeat reports. One equities research analyst has rated the stock with a buy rating and six have issued a strong buy rating on the company.

Separately, National Bankshares reaffirmed an “outperform” rating on shares of Birchcliff Energy in a research note on Thursday, May 15th.

Birchcliff Energy Price Performance

Birchcliff Energy stock opened at $4.61 on Tuesday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 13.17 and a beta of 0.59. The firm’s fifty day moving average is $5.11 and its 200 day moving average is $4.55. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.23. Birchcliff Energy has a 52-week low of $3.15 and a 52-week high of $5.71.

Birchcliff Energy (OTCMKTS:BIREF) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $136.68 million for the quarter, compared to the consensus estimate of $141.51 million. Birchcliff Energy had a net margin of 21.85% and a return on equity of 6.09%.

Birchcliff Energy Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a dividend of $0.0215 per share. This represents a yield of 168.0%. This is a positive change from Birchcliff Energy’s previous dividend of $0.02. The ex-dividend date was Friday, June 13th. Birchcliff Energy’s dividend payout ratio (DPR) is presently 25.71%.

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.