Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $5.15 and last traded at $5.13, with a volume of 88971 shares trading hands. The stock had previously closed at $5.03.
Analyst Ratings Changes
A number of research analysts have recently commented on BIREF shares. Raymond James raised shares of Birchcliff Energy to a "moderate buy" rating in a research report on Monday, April 7th. National Bankshares reiterated an "outperform" rating on shares of Birchcliff Energy in a report on Thursday, May 15th. Cibc World Mkts raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th. Cormark raised Birchcliff Energy to a "strong-buy" rating in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group upgraded Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 13th. One analyst has rated the stock with a buy rating and six have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".
Get Our Latest Analysis on Birchcliff Energy
Birchcliff Energy Stock Up 3.0%
The stock has a market capitalization of $1.47 billion, a P/E ratio of 38.64 and a beta of 0.57. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock's 50 day simple moving average is $4.49 and its 200 day simple moving average is $4.13.
Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last posted 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. 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 during the quarter, compared to the consensus estimate of $141.51 million.
Birchcliff Energy Increases Dividend
The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.0215 per share. The ex-dividend date is Friday, June 13th. This is a boost from Birchcliff Energy's previous dividend of $0.02. This represents a yield of 1.68%. Birchcliff Energy's dividend payout ratio (DPR) is 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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