Birchcliff Energy Ltd. (OTCMKTS:BIREF) Declares Dividend of $0.02

Birchcliff Energy Ltd. (OTCMKTS:BIREF) announced a dividend on Tuesday, March 11th, investing.com reports. Investors of record on Monday, March 17th will be given a dividend of 0.0209 per share on Monday, March 31st. This represents a dividend yield of 2.44%. The ex-dividend date is Friday, March 14th.

Birchcliff Energy Price Performance

Shares of OTCMKTS:BIREF traded up $0.10 during midday trading on Wednesday, hitting $3.52. 268,838 shares of the stock were exchanged, compared to its average volume of 117,931. The stock has a market cap of $956.06 million, a P/E ratio of 25.14 and a beta of 0.63. Birchcliff Energy has a twelve month low of $3.15 and a twelve month high of $4.83. The company has a 50 day moving average price of $3.98 and a 200-day moving average price of $3.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

Birchcliff Energy (OTCMKTS:BIREF) last issued its quarterly earnings data 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%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. National Bank Financial upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Scotiabank upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Finally, TD Securities upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

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.