Birchcliff Energy (OTCMKTS:BIREF) Upgraded by Raymond James to “Moderate Buy” Rating

Raymond James upgraded shares of Birchcliff Energy (OTCMKTS:BIREF) to a moderate buy rating in a report published on Monday morning,Zacks.com reports.

BIREF has been the subject of several other reports. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a research note on Thursday, March 13th. Scotiabank upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. National Bank Financial raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. TD Securities raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Cibc World Mkts raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Six analysts have rated the stock with a strong buy rating, According to data from MarketBeat, Birchcliff Energy presently has an average rating of “Strong Buy”.

Birchcliff Energy Price Performance

Shares of OTCMKTS:BIREF opened at $3.84 on Monday. The business has a fifty day simple moving average of $4.11 and a 200-day simple moving average of $3.93. Birchcliff Energy has a 52 week low of $3.15 and a 52 week high of $4.87. The company has a market cap of $1.04 billion, a P/E ratio of 27.43 and a beta of 0.51. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22.

Birchcliff Energy (OTCMKTS:BIREF) last announced 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%.

Birchcliff Energy Cuts Dividend

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