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

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

BIREF has been the subject of several recent analyst reports. Raymond James raised Birchcliff Energy to a "moderate buy" rating in a research report on Monday, April 7th. Canaccord Genuity Group raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 13th. National Bankshares reiterated an "outperform" rating on shares of Birchcliff Energy in a research note on Thursday, May 15th. Cibc World Mkts raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th. Finally, Cormark raised Birchcliff Energy to a "strong-buy" rating in a research report on Thursday, March 13th.

Birchcliff Energy Stock Down 0.3%

Shares of OTCMKTS BIREF traded down $0.02 on Thursday, reaching $4.73. 28,492 shares of the company's stock traded hands, compared to its average volume of 86,835. The business's 50 day simple moving average is $4.43 and its two-hundred day simple moving average is $4.05. Birchcliff Energy has a 12 month low of $3.15 and a 12 month high of $4.87. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 33.79 and a beta of 0.53. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. Birchcliff Energy had a return on equity of 2.49% and a net margin of 9.39%. The company had revenue of $136.68 million during the quarter, compared to analyst estimates of $141.51 million.

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 dividend of $0.0209 per share. This represents a yield of 2.44%. The ex-dividend date of this dividend was Friday, March 14th. Birchcliff Energy's dividend payout ratio is currently 22.86%.

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.