Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $4.88 and last traded at $4.86, with a volume of 27083 shares trading hands. The stock had previously closed at $4.73.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on BIREF. National Bankshares reaffirmed an "outperform" rating on shares of Birchcliff Energy in a report on Thursday, May 15th. Cormark raised shares of Birchcliff Energy to a "strong-buy" rating in a report on Thursday, March 13th. Cibc World Mkts raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 13th. Raymond James raised shares of Birchcliff Energy to a "moderate buy" rating in a report on Monday, April 7th. Finally, Canaccord Genuity Group raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 13th. One research analyst has rated the stock with a buy rating and six have given a strong buy rating to the stock. According to data from MarketBeat.com, Birchcliff Energy has a consensus rating of "Strong Buy".
Check Out Our Latest Analysis on Birchcliff Energy
Birchcliff Energy Stock Performance
The stock's 50 day simple moving average is $4.44 and its two-hundred day simple moving average is $4.08. The company has a market cap of $1.34 billion, a PE ratio of 35.18 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 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 firm had revenue of $136.68 million for the quarter, compared to the consensus estimate of $141.51 million. Birchcliff Energy had a net margin of 9.39% and a return on equity of 2.49%.
Birchcliff Energy Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.0209 per share. This represents a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, March 14th. Birchcliff Energy's dividend payout ratio is presently 22.86%.
Birchcliff Energy Company Profile
(
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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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