Birchcliff Energy Ltd. (OTCMKTS:BIREF) Given Consensus Recommendation of “Strong Buy” by Brokerages

Birchcliff Energy Ltd. (OTCMKTS:BIREF) has been given an average rating of “Strong Buy” by the seven ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a buy recommendation and six have issued a strong buy recommendation on the company.

A number of research firms have issued reports on BIREF. National Bankshares reaffirmed an “outperform” rating on shares of Birchcliff Energy in a research report on Thursday, May 15th. Canaccord Genuity Group raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Cibc World Mkts raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Cormark raised Birchcliff Energy to a “strong-buy” rating in a research report on Thursday, March 13th. Finally, Raymond James Financial raised Birchcliff Energy to a “moderate buy” rating in a research report on Monday, April 7th.

Birchcliff Energy Price Performance

BIREF stock opened at $5.31 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $1.45 billion, a P/E ratio of 15.17 and a beta of 0.57. The business’s 50-day moving average is $4.75 and its two-hundred day moving average is $4.24. Birchcliff Energy has a 1 year low of $3.15 and a 1 year high of $5.71.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $136.68 million for the quarter, compared to analyst estimates of $141.51 million. Birchcliff Energy had a return on equity of 6.09% and a net margin of 21.85%.

Birchcliff Energy Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.0215 per share. This represents a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from Birchcliff Energy’s previous dividend of $0.02. Birchcliff Energy’s dividend payout ratio (DPR) is 25.71%.

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.