Birchcliff Energy (OTCMKTS:BIREF) Rating Increased to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Birchcliff Energy (OTCMKTS:BIREF) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Scotiabank raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th.

Birchcliff Energy Trading Up 4.4 %

Shares of OTCMKTS:BIREF opened at $4.23 on Wednesday. The company’s 50-day moving average price is $3.71 and its 200 day moving average price is $4.02. The company has a market cap of $1.15 billion, a PE ratio of 105.75 and a beta of 0.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. Birchcliff Energy has a fifty-two week low of $3.15 and a fifty-two week high of $4.83.

Birchcliff Energy Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid 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 dividend payout ratio is presently 700.18%.

About Birchcliff Energy

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.