Birchcliff Energy (OTCMKTS:BIREF) Announces Earnings Results

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.09 EPS for the quarter, Zacks reports. Birchcliff Energy had a return on equity of 0.68% and a net margin of 2.43%.

Birchcliff Energy Stock Down 1.7 %

BIREF stock traded down $0.07 during mid-day trading on Friday, reaching $4.08. The company had a trading volume of 63,347 shares, compared to its average volume of 97,234. The firm has a fifty day simple moving average of $3.84 and a 200 day simple moving average of $3.97. 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 company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 102.04 and a beta of 0.62. Birchcliff Energy has a fifty-two week low of $3.15 and a fifty-two week high of $4.83.

Birchcliff Energy Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.0714 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a yield of 8.06%. Birchcliff Energy's payout ratio is 700.18%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. TD Securities raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Scotiabank raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 17th. Finally, National Bank Financial upgraded shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd.

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.