National Bank Financial upgraded shares of Birchcliff Energy (OTCMKTS:BIREF - Free Report) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.
Separately, Scotiabank raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 17th.
Check Out Our Latest Research Report on BIREF
Birchcliff Energy Stock Up 0.5 %
Birchcliff Energy stock traded up $0.02 during trading hours on Wednesday, hitting $4.25. 99,045 shares of the stock traded hands, compared to its average volume of 110,970. The firm's 50-day moving average price is $3.74 and its two-hundred day moving average price is $4.02. 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 $1.15 billion, a PE ratio of 106.28 and a beta of 0.62. Birchcliff Energy has a one year low of $3.15 and a one year high of $4.83.
Birchcliff Energy Cuts Dividend
The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.0714 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a dividend yield of 8.06%. Birchcliff Energy's payout ratio is 700.18%.
Birchcliff Energy Company Profile
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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.
Further Reading
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