Birchcliff Energy (OTCMKTS:BIREF) Shares Up 0.3% - Time to Buy?

Key Points

• Birchcliff Energy's stock rose 0.3%, closing at $4.60, despite a 47% decline in trading volume compared to its average session.
• The company received multiple upgrades from analysts, with ratings ranging from "moderate buy" to "strong-buy," resulting in a consensus rating of "Strong Buy."
• Birchcliff recently declared a dividend increase to $0.0215 per share, representing a significant yield of 168.0% and a payout ratio of 47.37%.

Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) shares shot up 0.3% during trading on Tuesday . The company traded as high as $4.61 and last traded at $4.60. 10,832 shares traded hands during trading, a decline of 47% from the average session volume of 20,301 shares. The stock had previously closed at $4.59.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BIREF. ATB Capital upgraded Birchcliff Energy to an "outperform" rating in a research note on Thursday, August 14th. Raymond James Financial upgraded shares of Birchcliff Energy from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 14th. Atb Cap Markets upgraded shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Finally, National Bankshares reaffirmed 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 assigned a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Birchcliff Energy Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.47 and a quick ratio of 1.52. The business's 50-day moving average price is $4.87 and its two-hundred day moving average price is $4.60. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 24.24 and a beta of 0.42.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.12). Birchcliff Energy had a net margin of 11.60% and a return on equity of 3.33%. The company had revenue of $123.78 million for the quarter, compared to the consensus estimate of $131.37 million.

Birchcliff Energy Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.0215 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a dividend yield of 168.0%. This is an increase from Birchcliff Energy's previous dividend of $0.02. Birchcliff Energy's dividend payout ratio is currently 47.37%.

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.

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