Birchcliff Energy (OTCMKTS:BIREF) Issues Earnings Results

Birchcliff Energy (OTCMKTS:BIREF) issued its quarterly earnings results on Wednesday. The company reported ($0.04) earnings per share for the quarter, Zacks reports. Birchcliff Energy had a return on equity of 3.33% and a net margin of 11.60%.

Birchcliff Energy Price Performance

Shares of Birchcliff Energy stock traded up $0.00 on Wednesday, hitting $4.93. 13,988 shares of the company were exchanged, compared to its average volume of 86,972. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $4.41 and a 200 day moving average price of $4.69. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 25.95 and a beta of 0.44. Birchcliff Energy has a 1-year low of $3.15 and a 1-year high of $5.71.

Birchcliff Energy Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, September 29th. Investors of record on Tuesday, September 16th were given a dividend of $0.0218 per share. The ex-dividend date was Monday, September 15th. This is a boost from Birchcliff Energy’s previous dividend of $0.02. This represents a yield of 197.0%. Birchcliff Energy’s dividend payout ratio (DPR) is presently 42.11%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Raymond James Financial raised Birchcliff Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 14th. Atb Cap Markets upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. ATB Capital upgraded shares of Birchcliff Energy to an “outperform” rating in a research note on Thursday, August 14th. Finally, TD Securities reaffirmed a “buy” rating on shares of Birchcliff Energy in a report on Tuesday, September 30th. Six equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

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.