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

Cormark upgraded shares of Birchcliff Energy (OTCMKTS:BIREF) to a strong-buy rating in a research note released on Thursday morning, MarketBeat reports.

Other analysts have also issued research reports about the stock. Scotiabank upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. National Bank Financial upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, TD Securities upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a hold rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Birchcliff Energy presently has a consensus rating of “Strong Buy”.

Birchcliff Energy Stock Up 7.6 %

Shares of OTCMKTS:BIREF opened at $3.96 on Thursday. 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 fifty day simple moving average of $3.98 and a 200 day simple moving average of $3.91. The firm has a market cap of $1.08 billion, a PE ratio of 28.29 and a beta of 0.63. Birchcliff Energy has a 12-month low of $3.15 and a 12-month high of $4.83.

Birchcliff Energy (OTCMKTS:BIREF) last released 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 announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.0209 per share. This represents a yield of 2.44%. The ex-dividend date of this dividend is Friday, March 14th. Birchcliff Energy’s dividend payout ratio (DPR) is currently 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.