Birchcliff Energy (OTCMKTS:BIREF) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Birchcliff Energy Ltd. (OTCMKTS:BIREF) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.19 and traded as low as $3.85. Birchcliff Energy shares last traded at $3.86, with a volume of 112,057 shares changing hands.

Birchcliff Energy Stock Up 0.3 %

The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1.04 billion, a P/E ratio of 35.09 and a beta of 0.62. The business has a 50-day moving average price of $4.19 and a 200 day moving average price of $4.28.

Birchcliff Energy (OTCMKTS:BIREF) last posted its earnings results on Wednesday, August 14th. The company reported $0.12 EPS for the quarter. The firm had revenue of $107.42 million during the quarter. Birchcliff Energy had a return on equity of 1.82% and a net margin of 6.05%. On average, equities analysts expect that Birchcliff Energy Ltd. will post 0.73 EPS for the current fiscal year.

Birchcliff Energy Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a dividend of $0.073 per share. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 6.99%. Birchcliff Energy’s dividend payout ratio is currently 263.64%.

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.