Birchcliff Energy (OTCMKTS:BIREF) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Birchcliff Energy (OTCMKTS:BIREF) posted its earnings results on Wednesday. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03, Zacks reports. Birchcliff Energy had a return on equity of 2.49% and a net margin of 9.39%. The company had revenue of $136.68 million for the quarter, compared to the consensus estimate of $141.51 million.

Birchcliff Energy Stock Performance

Shares of OTCMKTS:BIREF opened at $4.60 on Friday. Birchcliff Energy has a 12 month low of $3.15 and a 12 month high of $4.87. The firm’s 50-day moving average is $4.30 and its 200 day moving average is $3.98. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 32.84 and a beta of 0.53.

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 paid a dividend of $0.0209 per share. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 2.44%. Birchcliff Energy’s dividend payout ratio is presently 57.14%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Cibc World Mkts upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Scotiabank raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Raymond James upgraded shares of Birchcliff Energy to a “moderate buy” rating in a research report on Monday, April 7th. Canaccord Genuity Group upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Finally, Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a research report on Thursday, March 13th. Six equities research analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, Birchcliff Energy has a consensus rating of “Strong Buy”.

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.