Birchcliff Energy (OTCMKTS:BIREF) Stock Rating Upgraded by Atb Cap Markets

Key Points

• Birchcliff Energy's stock rating was upgraded by Atb Cap Markets from "hold" to a "strong-buy" based on recent analyst reports.
• The company reported quarterly earnings showing a loss of $0.04 EPS, which was below the consensus estimate of $0.08, with revenue of $123.78 million.
• Birchcliff Energy's current market capitalization stands at $1.24 billion, with a debt-to-equity ratio of 0.23 and a strong buy rating from multiple analysts.

Atb Cap Markets upgraded shares of Birchcliff Energy (OTCMKTS:BIREF - Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

BIREF has been the topic of a number of other research reports. Raymond James Financial raised shares of Birchcliff Energy from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 14th. ATB Capital raised shares of Birchcliff Energy to an "outperform" rating in a report on Thursday, August 14th. Finally, National Bankshares restated an "outperform" rating on shares of Birchcliff Energy in a research report on Thursday, May 15th. Seven equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Strong Buy".

Birchcliff Energy Stock Performance

BIREF traded up $0.08 on Thursday, hitting $4.42. The company's stock had a trading volume of 9,976 shares, compared to its average volume of 81,693. The firm has a market cap of $1.21 billion, a P/E ratio of 23.26 and a beta of 0.59. Birchcliff Energy has a 12 month low of $3.15 and a 12 month high of $5.71. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.23. The company's 50 day simple moving average is $5.05 and its 200-day simple moving average is $4.57.

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

Birchcliff Energy Increases Dividend

The firm 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. The ex-dividend date was Friday, June 13th. This is a positive change from Birchcliff Energy's previous dividend of $0.02. This represents a yield of 168.0%. Birchcliff Energy's dividend payout ratio (DPR) 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.