Birchcliff Energy (OTCMKTS:BIREF) Upgraded to “Strong-Buy” at TD Securities

TD Securities upgraded shares of Birchcliff Energy (OTCMKTS:BIREF) from a hold rating to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. National Bank Financial raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Scotiabank upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th.

Birchcliff Energy Stock Up 0.5 %

Shares of BIREF opened at $4.25 on Thursday. The stock’s 50-day moving average price is $3.74 and its 200-day moving average price is $4.02. 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 company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 106.28 and a beta of 0.62. Birchcliff Energy has a 52 week low of $3.15 and a 52 week high of $4.83.

Birchcliff Energy Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.0714 dividend. This represents a dividend yield of 8.06%. The ex-dividend date was Friday, December 13th. Birchcliff Energy’s dividend payout ratio (DPR) 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.