Birchcliff Energy (OTCMKTS:BIREF) Sets New 12-Month High – What’s Next?

Birchcliff Energy Ltd. (OTCMKTS:BIREF) hit a new 52-week high on Wednesday . The company traded as high as $4.84 and last traded at $4.79, with a volume of 54011 shares. The stock had previously closed at $4.78.

Analyst Ratings Changes

Several analysts recently weighed in on BIREF shares. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Cormark raised Birchcliff Energy to a “strong-buy” rating in a report on Thursday, March 13th. Canaccord Genuity Group upgraded shares of 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 research report on Thursday, March 13th. Finally, Scotiabank upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. Six analysts have rated the stock with a strong buy rating, According to MarketBeat.com, Birchcliff Energy currently has an average rating of “Strong Buy”.

Birchcliff Energy Price Performance

The firm has a market cap of $1.14 billion, a P/E ratio of 30.07 and a beta of 0.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50-day moving average is $4.12 and its two-hundred day moving average is $3.94.

Birchcliff Energy (OTCMKTS:BIREF) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share for the quarter. Birchcliff Energy had a net margin of 9.39% and a return on equity of 2.49%.

Birchcliff Energy Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.0209 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 2.44%. Birchcliff Energy’s payout ratio is 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.