Birchcliff Energy Ltd. (OTCMKTS:BIREF) Receives Consensus Rating of "Strong Buy" from Brokerages

Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) has been given a consensus recommendation of "Strong Buy" by the six research firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a strong buy recommendation.

A number of analysts have recently commented on the company. Scotiabank raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 17th. Cormark raised Birchcliff Energy to a "strong-buy" rating in a research report on Thursday, March 13th. National Bank Financial raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Cibc World Mkts raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th.

Birchcliff Energy Stock Up 5.6 %

Birchcliff Energy stock traded up $0.23 during trading hours on Friday, hitting $4.38. 160,648 shares of the stock traded hands, compared to its average volume of 116,172. The firm's 50-day moving average price is $3.99 and its two-hundred day moving average price is $3.90. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.19 billion, a PE ratio of 31.29 and a beta of 0.63. Birchcliff Energy has a one year low of $3.15 and a one year high of $4.83.

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Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) 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 return on equity of 2.49% and a net margin of 9.39%.

Birchcliff Energy Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.0209 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 2.44%. Birchcliff Energy's 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.