Birchcliff Energy (OTCMKTS:BIREF) Upgraded at TD Securities

TD Securities upgraded shares of Birchcliff Energy (OTCMKTS:BIREF) from a hold rating to a strong-buy rating in a report issued on Thursday morning,Zacks.com reports.

Other equities analysts also recently 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 Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday.

Birchcliff Energy Stock Up 0.5 %

BIREF stock opened at $4.25 on Thursday. Birchcliff Energy has a fifty-two week low of $3.15 and a fifty-two week high of $4.83. The company’s 50 day moving average price is $3.74 and its 200 day moving average price is $4.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 106.28 and a beta of 0.62.

Birchcliff Energy Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.0714 per share. This represents a dividend yield of 8.06%. The ex-dividend date was Friday, December 13th. Birchcliff Energy’s dividend payout ratio is currently 200.00%.

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.