Raymond James Upgrades Birchcliff Energy (OTCMKTS:BIREF) to "Moderate Buy"

Raymond James upgraded shares of Birchcliff Energy (OTCMKTS:BIREF - Free Report) to a moderate buy rating in a research note published on Monday, April 7th,Zacks.com reports.

A number of other research firms also recently commented on BIREF. Cibc World Mkts raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th. Canaccord Genuity Group upgraded Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th. TD Securities raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. National Bank Financial raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Finally, Scotiabank upgraded shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 17th. Six research analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Strong Buy".

Birchcliff Energy Stock Up 4.2 %

Birchcliff Energy stock traded up $0.17 during midday trading on Monday, reaching $4.07. The company's stock had a trading volume of 23,575 shares, compared to its average volume of 115,547. The company has a market cap of $1.10 billion, a P/E ratio of 29.05 and a beta of 0.51. 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 business has a 50-day simple moving average of $4.11 and a 200-day simple moving average of $3.93. Birchcliff Energy has a fifty-two week low of $3.15 and a fifty-two week high of $4.87.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last posted its earnings results 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 business also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.0209 per share. The ex-dividend date was Friday, March 14th. This represents a yield of 2.44%. Birchcliff Energy's payout ratio is 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.