Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $4.88 and last traded at $4.86, with a volume of 27083 shares. The stock had previously closed at $4.73.
Wall Street Analyst Weigh In
A number of analysts recently commented on BIREF shares. Canaccord Genuity Group raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th. Cibc World Mkts upgraded shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th. National Bankshares reaffirmed an "outperform" rating on shares of Birchcliff Energy in a research note on Thursday, May 15th. Cormark upgraded shares of Birchcliff Energy to a "strong-buy" rating in a research note on Thursday, March 13th. Finally, Raymond James raised Birchcliff Energy to a "moderate buy" rating in a research report on Monday, April 7th. One equities research analyst has rated the stock with a buy rating and six have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Strong Buy".
Read Our Latest Research Report on BIREF
Birchcliff Energy Stock Performance
The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $1.37 billion, a PE ratio of 35.91 and a beta of 0.53. The firm has a fifty day moving average price of $4.45 and a 200 day moving average price of $4.09.
Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. Birchcliff Energy had a return on equity of 2.49% and a net margin of 9.39%. The business had revenue of $136.68 million for the quarter, compared to the consensus estimate of $141.51 million.
Birchcliff Energy Cuts Dividend
The firm also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.0209 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a yield of 2.44%. Birchcliff Energy's dividend payout ratio (DPR) is presently 22.86%.
About Birchcliff Energy
(
Get Free Report)
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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