Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $5.59 and last traded at $5.50, with a volume of 29491 shares. The stock had previously closed at $5.47.
Wall Street Analysts Forecast Growth
Several analysts recently commented on BIREF shares. National Bankshares reaffirmed an "outperform" rating on shares of Birchcliff Energy in a report on Thursday, May 15th. Raymond James Financial upgraded Birchcliff Energy to a "moderate buy" rating in a report on Monday, April 7th. Cibc World Mkts raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th. Cormark upgraded Birchcliff Energy to a "strong-buy" rating in a research note 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Strong Buy".
Read Our Latest Research Report on Birchcliff Energy
Birchcliff Energy Stock Down 1.0%
The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 1.52. The stock's fifty day simple moving average is $4.67 and its 200-day simple moving average is $4.20. The stock has a market cap of $1.52 billion, a P/E ratio of 16.00 and a beta of 0.57.
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 analysts' consensus estimates of $0.14 by $0.03. Birchcliff Energy had a return on equity of 6.09% and a net margin of 21.85%. The firm 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. Shareholders of record on Monday, June 16th will be paid a dividend of $0.0215 per share. This represents a yield of 1.68%. This is an increase from Birchcliff Energy's previous dividend of $0.02. The ex-dividend date of this dividend is Friday, June 13th. Birchcliff Energy's dividend payout ratio is presently 25.71%.
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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