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

Birchcliff Energy Ltd. (OTCMKTS:BIREF) has earned a consensus rating of “Strong Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a strong buy recommendation.

A number of brokerages have commented on BIREF. TD Securities upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Cibc World Mkts upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th. 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. Scotiabank upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a research note on Thursday, March 13th.

Birchcliff Energy Stock Performance

Birchcliff Energy stock opened at $4.38 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. Birchcliff Energy has a 1-year low of $3.15 and a 1-year high of $4.83. The firm has a market capitalization of $1.19 billion, a P/E ratio of 31.29 and a beta of 0.63. The company’s 50-day moving average is $3.99 and its 200 day moving average is $3.90.

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 net margin of 9.39% and a return on equity of 2.49%.

Birchcliff Energy Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.0209 dividend. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 2.44%. 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.