Birchcliff Energy Ltd. (OTCMKTS:BIREF) Receives Average 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%.

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) have earned an average rating of "Strong Buy" from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a buy rating and seven have assigned a strong buy rating to the company.

Several research firms have recently weighed in on BIREF. Raymond James Financial raised shares of Birchcliff Energy from a "hold" rating to an "outperform" rating in a research note on Thursday. Atb Cap Markets raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday. ATB Capital raised shares of Birchcliff Energy to an "outperform" rating in a research note on Thursday. Finally, National Bankshares reissued an "outperform" rating on shares of Birchcliff Energy in a research note on Thursday, May 15th.

Birchcliff Energy Stock Performance

BIREF stock traded down $0.04 during midday trading on Tuesday, hitting $4.52. 1,927 shares of the stock traded hands, compared to its average volume of 82,881. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market cap of $1.23 billion, a P/E ratio of 23.80 and a beta of 0.59. Birchcliff Energy has a 1-year low of $3.15 and a 1-year high of $5.71. The stock's fifty day simple moving average is $5.09 and its 200-day simple moving average is $4.55.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). The company had revenue of $123.78 million for the quarter, compared to analysts' expectations of $131.37 million. Birchcliff Energy had a net margin of 11.60% and a return on equity of 3.35%.

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%. This is a boost from Birchcliff Energy's previous dividend of $0.02. The ex-dividend date of this dividend was Friday, June 13th. Birchcliff Energy's payout ratio is presently 25.71%.

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.