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

Birchcliff Energy Ltd. (OTCMKTS:BIREF) has been given a consensus rating of “Strong Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a strong buy recommendation.

A number of research firms recently commented on BIREF. National Bank Financial raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Raymond James raised Birchcliff Energy to a “moderate buy” rating in a research report on Monday, April 7th. Scotiabank upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Cibc World Mkts upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th.

Birchcliff Energy Trading Up 1.2 %

OTCMKTS:BIREF opened at $4.20 on Friday. Birchcliff Energy has a 1 year low of $3.15 and a 1 year high of $4.87. The stock has a market cap of $1.14 billion, a P/E ratio of 30.00 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50-day simple moving average of $4.17 and a 200-day simple moving average of $3.95.

Birchcliff Energy (OTCMKTS:BIREF) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share (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 announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.0209 dividend. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 2.44%. Birchcliff Energy’s dividend payout ratio (DPR) 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.