Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF – Get Free Report) have been assigned an average recommendation of “Strong Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a strong buy rating.
Several brokerages have recently issued reports on BIREF. Cormark raised Birchcliff Energy to a “strong-buy” rating in a research report on Thursday, March 13th. TD Securities raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Canaccord Genuity Group upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th. Cibc World Mkts upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 13th. Finally, National Bank Financial upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd.
View Our Latest Stock Report on Birchcliff Energy
Birchcliff Energy Stock Performance
Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 EPS for the quarter. Birchcliff Energy had a return on equity of 2.49% and a net margin of 9.39%.
Birchcliff Energy Cuts Dividend
The firm also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.0209 per share. The ex-dividend date is Friday, March 14th. This represents a yield of 2.44%. Birchcliff Energy’s dividend payout ratio is presently 57.14%.
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.
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