Birchcliff Energy (OTCMKTS:BIREF) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Birchcliff Energy Ltd. (OTCMKTS:BIREF)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.19 and traded as low as $3.85. Birchcliff Energy shares last traded at $3.86, with a volume of 112,057 shares.

Birchcliff Energy Stock Up 0.3 %

The company has a market cap of $1.04 billion, a P/E ratio of 35.09 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. The business’s 50 day moving average is $4.19 and its 200 day moving average is $4.28.

Birchcliff Energy (OTCMKTS:BIREF) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.12 earnings per share (EPS) for the quarter. Birchcliff Energy had a net margin of 6.05% and a return on equity of 1.82%. The business had revenue of $107.42 million for the quarter. As a group, equities analysts anticipate that Birchcliff Energy Ltd. will post 0.73 earnings per share for the current fiscal year.

Birchcliff Energy Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a $0.073 dividend. This represents a yield of 6.99%. The ex-dividend date of this dividend was Friday, September 13th. Birchcliff Energy’s dividend payout ratio is currently 263.64%.

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.