Birchcliff Energy (OTCMKTS:BIREF) Shares Down 0.7% - What's Next?

Key Points

• Birchcliff Energy's stock experienced a slight drop of 0.7%, closing at $4.64 with a significant decline in trading volume, reaching only 7,002 shares traded compared to an average of 102,622.
• The company has a strong buy consensus from analysts, with one buy rating and six strong buy ratings, indicating a positive outlook for the stock.
• Birchcliff Energy recently announced an increase in its dividend to $0.0215 per share, reflecting a substantial dividend yield of 168.0% and a payout ratio of 25.71%.

Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) shares were down 0.7% during trading on Friday . The stock traded as low as $4.50 and last traded at $4.64. Approximately 7,002 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 102,622 shares. The stock had previously closed at $4.67.

Wall Street Analyst Weigh In

Separately, National Bankshares reaffirmed an "outperform" rating on shares of Birchcliff Energy in a report on Thursday, May 15th. One equities research analyst has rated the stock with a buy rating and six have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Strong Buy".

Birchcliff Energy Stock Performance

The company's fifty day simple moving average is $5.11 and its 200 day simple moving average is $4.55. 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 stock has a market capitalization of $1.23 billion, a P/E ratio of 12.89 and a beta of 0.59.

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, beating the consensus estimate of $0.14 by $0.03. Birchcliff Energy had a net margin of 21.85% and a return on equity of 6.09%. 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 business also recently disclosed a dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued 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 payout ratio is presently 22.86%.

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.