Birchcliff Energy (OTCMKTS:BIREF) Upgraded by Cormark to Strong-Buy Rating

Cormark upgraded shares of Birchcliff Energy (OTCMKTS:BIREF) to a strong-buy rating in a research report released on Thursday morning, Marketbeat reports.

Several other research firms have also recently weighed in on BIREF. Scotiabank raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. TD Securities raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, National Bank Financial upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a strong buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Birchcliff Energy Stock Performance

Shares of BIREF stock opened at $3.99 on Thursday. Birchcliff Energy has a 52 week low of $3.15 and a 52 week high of $4.83. The company has a 50-day simple moving average of $3.98 and a 200 day simple moving average of $3.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 28.50 and a beta of 0.63.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 earnings per share for the quarter. Birchcliff Energy had a return on equity of 2.49% and a net margin of 9.39%.

Birchcliff Energy Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.0209 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 2.44%. Birchcliff Energy’s payout ratio is 57.14%.

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.