Canaccord Genuity Group upgraded shares of Birchcliff Energy (OTCMKTS:BIREF - Free Report) from a hold rating to a strong-buy rating in a research note released on Thursday,Zacks.com reports.
A number of other brokerages also recently weighed in on BIREF. TD Securities raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. National Bank Financial raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Scotiabank raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 17th. Finally, Cormark raised shares of Birchcliff Energy to a "strong-buy" rating in a research note on Thursday, March 13th. Six equities research analysts have rated the stock with a strong buy rating, According to MarketBeat, the stock has an average rating of "Strong Buy".
View Our Latest Stock Report on BIREF
Birchcliff Energy Trading Up 5.6 %
BIREF stock traded up $0.23 during trading on Thursday, reaching $4.38. The company had a trading volume of 160,648 shares, compared to its average volume of 116,172. Birchcliff Energy has a 52 week low of $3.15 and a 52 week high of $4.83. The company has a market cap of $1.19 billion, a P/E ratio of 31.29 and a beta of 0.63. The business has a 50 day moving average of $3.99 and a 200 day moving average of $3.90. 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 (OTCMKTS:BIREF - Get Free Report) last announced its earnings results 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 company also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.0209 per share. This represents a dividend yield of 2.44%. The ex-dividend date is Friday, March 14th. Birchcliff Energy's payout ratio is 57.14%.
About Birchcliff Energy
(
Get Free Report)
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.
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