Birchcliff Energy Ltd. (OTCMKTS:BIREF) Given Average Rating of “Strong Buy” by Brokerages

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) have earned a consensus rating of “Strong Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a strong buy rating.

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

Birchcliff Energy Stock Performance

OTCMKTS:BIREF opened at $4.07 on Wednesday. The company’s 50-day moving average is $4.11 and its two-hundred day moving average is $3.93. Birchcliff Energy has a 1-year low of $3.15 and a 1-year high of $4.87. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 29.05 and a beta of 0.51.

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

Birchcliff Energy Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.0209 dividend. This represents a yield of 2.44%. The ex-dividend date of this dividend was Friday, March 14th. Birchcliff Energy’s dividend payout ratio is currently 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.