Birchcliff Energy (OTCMKTS:BIREF) Upgraded by Cibc World Mkts to “Strong-Buy” Rating

Cibc World Mkts upgraded shares of Birchcliff Energy (OTCMKTS:BIREF) from a hold rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a research note on Thursday. TD Securities upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Scotiabank raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. Canaccord Genuity Group upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Six analysts have rated the stock with a strong buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Birchcliff Energy Price Performance

BIREF opened at $3.99 on Thursday. Birchcliff Energy has a 1 year low of $3.15 and a 1 year high of $4.83. The company’s 50 day simple moving average is $3.98 and its 200 day simple moving average is $3.91. The stock has a market capitalization of $1.08 billion, a PE ratio of 28.50 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share (EPS) 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 business also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.0209 per share. This represents a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, March 14th. Birchcliff Energy’s dividend payout ratio is currently 57.14%.

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.