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

Key Points

• Birchcliff Energy Ltd. has received a consensus recommendation of "Strong Buy" from nine research firms, with three analysts rating it as a buy and six as a strong buy.
• The company recently declared a dividend increase to $0.0218 per share, raising its yield to 197.0% and maintaining a dividend payout ratio of 47.37%.
• During its last quarterly earnings report, Birchcliff Energy missed earnings expectations, reporting a loss of ($0.04) per share against an estimated profit of $0.08.

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) have earned a consensus recommendation of "Strong Buy" from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a buy recommendation and six have assigned a strong buy recommendation to the company.

A number of brokerages have weighed in on BIREF. Atb Cap Markets raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Raymond James Financial upgraded shares of Birchcliff Energy from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 14th. TD Securities restated a "buy" rating on shares of Birchcliff Energy in a research note on Tuesday. Finally, ATB Capital upgraded Birchcliff Energy to an "outperform" rating in a research note on Thursday, August 14th.

Birchcliff Energy Stock Performance

OTCMKTS BIREF opened at $4.12 on Wednesday. The firm has a market capitalization of $1.13 billion, a P/E ratio of 21.69 and a beta of 0.42. 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 0.24, a current ratio of 1.47 and a quick ratio of 1.47. The business's 50-day simple moving average is $4.53 and its 200-day simple moving average is $4.66.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.12). The firm had revenue of $123.78 million during the quarter, compared to analyst estimates of $131.37 million. Birchcliff Energy had a net margin of 11.60% and a return on equity of 3.33%.

Birchcliff Energy Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 29th. Investors of record on Tuesday, September 16th were given a dividend of $0.0218 per share. This is a boost from Birchcliff Energy's previous dividend of $0.02. The ex-dividend date of this dividend was Monday, September 15th. This represents a yield of 197.0%. Birchcliff Energy's dividend payout ratio is presently 47.37%.

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.

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