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

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

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

Birchcliff Energy Stock Up 2.7%

Shares of OTCMKTS BIREF opened at $4.86 on Thursday. The business has a 50-day moving average of $4.43 and a two-hundred day moving average of $4.07. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 34.71 and a beta of 0.53. Birchcliff Energy has a 1 year low of $3.15 and a 1 year high of $4.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01.

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

Birchcliff Energy Cuts Dividend

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