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

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) have been assigned an average rating of “Strong Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a strong buy rating.

Several equities research analysts have weighed in on BIREF shares. Canaccord Genuity Group raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Cormark raised Birchcliff Energy to a “strong-buy” rating in a report on Thursday, March 13th. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Scotiabank raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Cibc World Mkts upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th.

Birchcliff Energy Trading Down 6.6 %

Shares of OTCMKTS:BIREF opened at $3.84 on Wednesday. The business’s 50-day moving average is $4.11 and its 200 day moving average is $3.93. 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 has a 1 year low of $3.15 and a 1 year high of $4.87. The firm has a market capitalization of $1.04 billion, a P/E ratio of 27.43 and a beta of 0.51.

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

Birchcliff Energy Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.0209 dividend. The ex-dividend date was Friday, March 14th. This represents a yield of 2.44%. Birchcliff Energy’s payout ratio is currently 57.14%.

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.