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

Key Points

• Birchcliff Energy Ltd. has been given a consensus recommendation of "Strong Buy" by analysts, with one buy rating and six strong buy ratings among seven research firms covering the company.
• The company recently reported earnings of $0.17 per share, beating the consensus estimate, alongside a net margin of 21.85%.
• Birchcliff Energy has increased its dividend to $0.0215 per share, representing a significant dividend yield of 168.0%.

Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) has received an average rating of "Strong Buy" from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a buy recommendation and six have given a strong buy recommendation to the company.

Separately, National Bankshares restated an "outperform" rating on shares of Birchcliff Energy in a research note on Thursday, May 15th.

Birchcliff Energy Stock Down 2.4%

Shares of OTCMKTS:BIREF traded down $0.11 during midday trading on Tuesday, reaching $4.50. The company's stock had a trading volume of 32,769 shares, compared to its average volume of 83,878. The firm has a 50 day moving average of $5.11 and a 200-day moving average of $4.55. The firm has a market capitalization of $1.23 billion, a P/E ratio of 12.84 and a beta of 0.59. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.23. Birchcliff Energy has a 12-month low of $3.15 and a 12-month 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) earnings per share (EPS) for the quarter. Birchcliff Energy had a return on equity of 6.09% and a net margin of 21.85%.

Birchcliff Energy Increases Dividend

The company also recently announced a dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.0215 per share. This represents a yield of 168.0%. The ex-dividend date was Friday, June 13th. This is a positive change from Birchcliff Energy's previous dividend of $0.02. Birchcliff Energy's dividend payout ratio (DPR) is 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.