Birchcliff Energy (OTCMKTS:BIREF) Shares Gap Down - Should You Sell?

Key Points

• Birchcliff Energy shares gapped down from $4.56 to open at $4.30 and last traded at $4.52 with a low trading volume of 1,927 shares.
• Several analysts have upgraded Birchcliff Energy, with Raymond James Financial and ATB Capital both raising their ratings to "outperform," contributing to an overall average rating of "Strong Buy."
• Birchcliff Energy recently increased its dividend to $0.0215 per share, yielding 168.0%, and has a current dividend payout ratio of 25.71%.

Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $4.56, but opened at $4.30. Birchcliff Energy shares last traded at $4.52, with a volume of 1,927 shares.

Analyst Ratings Changes

Several brokerages have recently commented on BIREF. Atb Cap Markets upgraded Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. ATB Capital upgraded Birchcliff Energy to an "outperform" rating in a research report on Thursday, August 14th. Raymond James Financial upgraded Birchcliff Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 14th. Finally, National Bankshares restated an "outperform" rating on shares of Birchcliff Energy in a research note on Thursday, May 15th. Seven investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Strong Buy".

Birchcliff Energy Price Performance

The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $5.04 and a two-hundred day moving average price of $4.56. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 23.16 and a beta of 0.59.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.12). Birchcliff Energy had a return on equity of 3.35% and a net margin of 11.60%.The company had revenue of $123.78 million for the quarter, compared to analyst estimates of $131.37 million.

Birchcliff Energy Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.0215 dividend. This is a positive change 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 168.0%. Birchcliff Energy's dividend payout ratio is currently 47.37%.

About Birchcliff Energy

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.