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Birchcliff Energy (OTCMKTS:BIREF) Shares Cross Below 50-Day Moving Average of $4.29

Birchcliff Energy logo with Oils/Energy background

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.29 and traded as low as $4.09. Birchcliff Energy shares last traded at $4.11, with a volume of 8,517 shares.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded Birchcliff Energy to a "hold" rating in a research note on Friday, June 14th.

View Our Latest Stock Analysis on Birchcliff Energy

Birchcliff Energy Trading Down 2.0 %

The firm's 50-day simple moving average is $4.29 and its 200-day simple moving average is $4.26. The firm has a market capitalization of $1.08 billion, a P/E ratio of 36.98 and a beta of 0.62. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.22.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.12 EPS for the quarter. The firm had revenue of $107.42 million for the quarter. Birchcliff Energy had a return on equity of 1.82% and a net margin of 6.05%.

Birchcliff Energy Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be given a dividend of $0.073 per share. The ex-dividend date is Friday, September 13th. This represents a yield of 6.99%. Birchcliff Energy's dividend payout ratio (DPR) is currently 272.75%.

Birchcliff Energy Company Profile

(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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