Birchcliff Energy Ltd. (OTCMKTS:BIREF) Given Average Recommendation of "Strong Buy" by Brokerages

Key Points

• Birchcliff Energy Ltd. has received an average recommendation of "Strong Buy" from nine analysts, with three ratings as buy and six as strong buy.
• The company recently increased its dividend to $0.0218 per share, reflecting a yield of 197.0%, up from the previous $0.02.
• Birchcliff Energy reported a net margin of 11.60% and a revenue of $123.78 million last quarter, below analyst expectations of $131.37 million.

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) have earned an average recommendation of "Strong Buy" from the nine analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a buy rating and six have issued a strong buy rating on the company.

Several research firms recently weighed in on BIREF. TD Securities reaffirmed a "buy" rating on shares of Birchcliff Energy in a research note on Tuesday, September 30th. Atb Cap Markets raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. ATB Capital raised Birchcliff Energy to an "outperform" rating in a research report on Thursday, August 14th. Finally, Raymond James Financial raised Birchcliff Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 14th.

Birchcliff Energy Stock Performance

OTCMKTS BIREF opened at $4.55 on Friday. Birchcliff Energy has a 1-year low of $3.15 and a 1-year high of $5.71. The company has a market capitalization of $1.24 billion, a P/E ratio of 23.95 and a beta of 0.36. The business has a 50 day moving average price of $4.36 and a 200 day moving average price of $4.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.47 and a quick ratio of 1.47.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.12). Birchcliff Energy had a net margin of 11.60% and a return on equity of 3.33%. The firm had revenue of $123.78 million during the quarter, compared to analysts' expectations of $131.37 million.

Birchcliff Energy Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 29th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.0218 per share. This represents a dividend yield of 197.0%. This is a positive change from Birchcliff Energy's previous dividend of $0.02. The ex-dividend date was Monday, September 15th. Birchcliff Energy's payout ratio is 47.37%.

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.

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