Birchcliff Energy (OTCMKTS:BIREF) Releases Earnings Results

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

Birchcliff Energy Trading Down 1.3 %

BIREF opened at $4.00 on Thursday. The firm has a market capitalization of $1.08 billion, a PE ratio of 99.90 and a beta of 0.62. Birchcliff Energy has a fifty-two week low of $3.15 and a fifty-two week high of $4.83. The company’s 50-day moving average is $3.82 and its 200 day moving average is $3.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01.

Birchcliff Energy Cuts Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BIREF. National Bank Financial upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Scotiabank raised 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.

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.