Birchcliff Energy Ltd. (OTCMKTS:BIREF) Receives Average Recommendation of “Strong Buy” from Brokerages

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) have been given an average recommendation of “Strong Buy” by the six research firms that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a strong buy recommendation.

A number of equities research analysts recently commented on BIREF shares. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a research note on Thursday, March 13th. Cibc World Mkts raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th. Scotiabank raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. National Bank Financial upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, TD Securities upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

Birchcliff Energy Stock Up 3.1 %

BIREF opened at $4.11 on Friday. 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 stock has a market capitalization of $1.12 billion, a P/E ratio of 29.38 and a beta of 0.63. The business’s 50-day simple moving average is $3.98 and its 200-day simple moving average is $3.90. Birchcliff Energy has a one year low of $3.15 and a one year high of $4.83.

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

Birchcliff Energy Cuts Dividend

The business also recently disclosed 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 presently 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.