Birchcliff Energy Ltd. (OTCMKTS:BIREF) Receives Consensus Rating of "Strong Buy" from Brokerages

Key Points

• Birchcliff Energy Ltd. has received a consensus rating of "Strong Buy" from nine analysts, with seven recommending strong buy and two suggesting buy.
• The company's recent earnings report indicated a loss of ($0.04) EPS, missing the consensus estimate of $0.08 and generating $123.78 million in revenue against expected $131.37 million.
• Birchcliff Energy announced a dividend increase to $0.0215 per share, resulting in a dividend yield of 168.0% with a payout ratio of 47.37%.

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) have been given an average rating of "Strong Buy" by the nine research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a buy recommendation and seven have issued a strong buy recommendation on the company.

A number of research firms recently commented on BIREF. ATB Capital raised shares of Birchcliff Energy to an "outperform" rating in a research note on Thursday, August 14th. National Bankshares reiterated an "outperform" rating on shares of Birchcliff Energy in a research note on Thursday, May 15th. Atb Cap Markets upgraded Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Finally, Raymond James Financial upgraded Birchcliff Energy from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 14th.

Birchcliff Energy Stock Performance

Shares of OTCMKTS BIREF traded up $0.01 during trading on Friday, reaching $4.44. 157,174 shares of the company traded hands, compared to its average volume of 77,605. The stock has a market capitalization of $1.21 billion, a PE ratio of 23.35 and a beta of 0.42. The firm has a 50 day simple moving average of $4.77 and a 200-day simple moving average of $4.61. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.24. Birchcliff Energy has a 52-week low of $3.15 and a 52-week high of $5.71.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $131.37 million.

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.