Birchcliff Energy (OTCMKTS:BIREF) Posts Earnings Results

Birchcliff Energy (OTCMKTS:BIREF) released its earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, Zacks reports. Birchcliff Energy had a return on equity of 0.68% and a net margin of 2.43%.

Birchcliff Energy Stock Performance

OTCMKTS BIREF opened at $4.00 on Thursday. Birchcliff Energy has a fifty-two week low of $3.15 and a fifty-two week high of $4.83. The firm has a market capitalization of $1.08 billion, a P/E ratio of 99.90 and a beta of 0.62. The stock’s fifty day moving average is $3.82 and its two-hundred day moving average is $3.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01.

Birchcliff Energy Cuts Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on BIREF. TD Securities upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. National Bank Financial upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, Scotiabank upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th.

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.