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

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

Several analysts have recently issued reports on BIREF shares. Canaccord Genuity Group upgraded Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 13th. Cibc World Mkts upgraded Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 13th. Raymond James Financial upgraded Birchcliff Energy to a "moderate buy" rating in a research note on Monday, April 7th. Cormark upgraded Birchcliff Energy to a "strong-buy" rating in a research note on Thursday, March 13th. Finally, National Bankshares restated an "outperform" rating on shares of Birchcliff Energy in a research note on Thursday, May 15th.

Birchcliff Energy Stock Performance

BIREF opened at $5.61 on Monday. The company has a market cap of $1.53 billion, a PE ratio of 16.03 and a beta of 0.57. The stock has a 50-day moving average of $4.70 and a 200-day moving average of $4.22. Birchcliff Energy has a 52-week low of $3.15 and a 52-week high of $5.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 1.52.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The company had revenue of $136.68 million during the quarter, compared to the consensus estimate of $141.51 million. Birchcliff Energy had a return on equity of 6.09% and a net margin of 21.85%.

Birchcliff Energy Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.0215 per share. This is an increase from Birchcliff Energy's previous dividend of $0.02. The ex-dividend date is Friday, June 13th. This represents a yield of 1.68%. Birchcliff Energy's dividend payout ratio is presently 25.71%.

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.

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