Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) have been assigned an average recommendation of "Strong Buy" from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a buy rating and six have assigned a strong buy rating to the company.
A number of brokerages recently commented on BIREF. National Bankshares restated an "outperform" rating on shares of Birchcliff Energy in a report on Thursday, May 15th. Raymond James Financial upgraded Birchcliff Energy to a "moderate buy" rating in a report on Monday, April 7th.
Get Our Latest Research Report on BIREF
Birchcliff Energy Stock Performance
OTCMKTS:BIREF opened at $4.97 on Friday. The business has a 50 day moving average of $5.04 and a 200 day moving average of $4.43. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 14.20 and a beta of 0.60. Birchcliff Energy has a 1-year low of $3.15 and a 1-year high of $5.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.52 and a quick ratio of 1.52.
Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $136.68 million for the quarter, compared to analysts' expectations 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 declared a dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a dividend of $0.0215 per share. This is an increase from Birchcliff Energy's previous dividend of $0.02. This represents a dividend yield of 1.68%. The ex-dividend date was Friday, June 13th. Birchcliff Energy's dividend payout ratio is presently 25.71%.
About Birchcliff Energy
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Get Free ReportBirchcliff 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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