Birchcliff Energy Ltd. (OTCMKTS:BIREF) Receives Consensus Rating of “Strong Buy” from Analysts

Birchcliff Energy Ltd. (OTCMKTS:BIREF) has received an average recommendation of “Strong Buy” from the six ratings firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a strong buy recommendation.

BIREF has been the subject of a number of recent analyst reports. 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, March 13th. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a report on Thursday, March 13th. National Bank Financial raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Cibc World Mkts raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th.

Birchcliff Energy Trading Up 1.2 %

OTCMKTS BIREF opened at $4.20 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1.14 billion, a P/E ratio of 30.00 and a beta of 0.53. Birchcliff Energy has a 52-week low of $3.15 and a 52-week high of $4.87. The firm has a 50-day moving average price of $4.17 and a 200 day moving average price of $3.95.

Birchcliff Energy (OTCMKTS:BIREF) last issued its 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 firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.0209 dividend. The ex-dividend date of this dividend was 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.