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

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

BIREF has been the subject of several analyst reports. Raymond James Financial raised shares of Birchcliff Energy to a "moderate buy" rating in a report on Monday, April 7th. National Bankshares reiterated an "outperform" rating on shares of Birchcliff Energy in a research report on Thursday, May 15th.

Birchcliff Energy Price Performance

Shares of Birchcliff Energy stock traded down $0.14 on Friday, reaching $4.96. The stock had a trading volume of 235,830 shares, compared to its average volume of 80,574. Birchcliff Energy has a 1 year low of $3.15 and a 1 year high of $5.71. The company has a market cap of $1.35 billion, a P/E ratio of 14.17 and a beta of 0.60. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $5.07 and its two-hundred day moving average is $4.46.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $136.68 million during the quarter, compared to analyst estimates 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 disclosed a dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.0215 per share. This represents a dividend yield of 1.68%. This is an increase from Birchcliff Energy's previous dividend of $0.02. The ex-dividend date was Friday, June 13th. Birchcliff Energy's dividend payout ratio (DPR) 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.