Birchcliff Energy (OTCMKTS:BIREF) Upgraded by Cormark to Strong-Buy Rating

Cormark upgraded shares of Birchcliff Energy (OTCMKTS:BIREF - Free Report) to a strong-buy rating in a report published on Thursday, MarketBeat.com reports.

A number of other equities analysts have also recently issued reports on the company. Scotiabank raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a report on Friday, January 17th. National Bank Financial raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. Finally, TD Securities raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a strong buy rating, According to MarketBeat, the company presently has an average rating of "Strong Buy".

Birchcliff Energy Price Performance

Shares of Birchcliff Energy stock traded up $0.03 during trading on Thursday, reaching $4.15. 91,051 shares of the company's stock were exchanged, compared to its average volume of 115,301. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. Birchcliff Energy has a 1-year low of $3.15 and a 1-year high of $4.83. The company has a market cap of $1.13 billion, a P/E ratio of 29.62 and a beta of 0.63. The firm's 50-day moving average price is $3.98 and its 200 day moving average price is $3.90.

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Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 EPS 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 declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.0209 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 2.44%. Birchcliff Energy's dividend payout ratio (DPR) is presently 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.