Birchcliff Energy (OTCMKTS:BIREF) Announces Quarterly Earnings Results

Birchcliff Energy (OTCMKTS:BIREF) issued its quarterly earnings results on Wednesday. The company reported $0.09 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 0.8 %

Shares of Birchcliff Energy stock traded down $0.03 during trading hours on Wednesday, hitting $4.05. The company’s stock had a trading volume of 150,118 shares, compared to its average volume of 97,234. Birchcliff Energy has a 1-year low of $3.15 and a 1-year high of $4.83. The business has a fifty day moving average of $3.81 and a 200 day moving average of $3.97. The company has a market capitalization of $1.10 billion, a PE ratio of 101.25 and a beta of 0.62. 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 Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.