Birchcliff Energy (OTCMKTS:BIREF) Sees Strong Trading Volume - Should You Buy?

Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 268,345 shares traded hands during trading, an increase of 229% from the previous session's volume of 81,685 shares.The stock last traded at $4.98 and had previously closed at $4.96.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Raymond James Financial upgraded shares of Birchcliff Energy to a "moderate buy" rating in a research note on Monday, April 7th. National Bankshares restated an "outperform" rating on shares of Birchcliff Energy in a research report on Thursday, May 15th. One investment analyst has rated the stock with a buy rating and six have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Strong Buy".

Birchcliff Energy Trading Up 0.2%

The business has a 50 day moving average price of $5.10 and a 200-day moving average price of $4.49. The firm has a market capitalization of $1.35 billion, a PE ratio of 14.17 and a beta of 0.60. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $136.68 million for the quarter, compared to analyst estimates of $141.51 million. Birchcliff Energy had a return on equity of 6.09% and a net margin of 21.85%.

Birchcliff Energy Increases Dividend

The business also recently declared a dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a dividend of $0.0215 per share. This is an increase from Birchcliff Energy's previous dividend of $0.02. The ex-dividend date of this dividend was Friday, June 13th. This represents a yield of 1.68%. Birchcliff Energy's dividend payout ratio (DPR) is presently 25.71%.

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.