Birchcliff Energy (OTCMKTS:BIREF) Upgraded 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 report report published on Wednesday morning,Zacks.com reports.

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

Birchcliff Energy Stock Performance

Shares of BIREF opened at $4.25 on Wednesday. The stock has a 50 day moving average of $3.74 and a 200 day moving average of $4.02. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 106.28 and a beta of 0.62. Birchcliff Energy has a 12 month low of $3.15 and a 12 month high of $4.83. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

Birchcliff Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.0714 per share. The ex-dividend date was Friday, December 13th. This represents a dividend yield of 8.06%. Birchcliff Energy’s payout ratio is 700.18%.

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.