Birchcliff Energy (OTCMKTS:BIREF) Announces Earnings Results

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

Birchcliff Energy Stock Up 0.0%

Shares of BIREF traded up $0.00 during midday trading on Wednesday, hitting $4.93. The company had a trading volume of 13,988 shares, 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 stock has a market cap of $1.35 billion, a price-to-earnings ratio of 25.95 and a beta of 0.44. Birchcliff Energy has a 52 week low of $3.15 and a 52 week high of $5.71. The company’s 50 day moving average price is $4.41 and its 200 day moving average price is $4.69.

Birchcliff Energy Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 29th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.0218 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a yield of 197.0%. This is an increase from Birchcliff Energy’s previous dividend of $0.02. Birchcliff Energy’s dividend payout ratio (DPR) is 42.11%.

Analyst Upgrades and Downgrades

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