Birchcliff Energy (OTCMKTS:BIREF) Releases Earnings Results

Birchcliff Energy (OTCMKTS:BIREF) issued its quarterly earnings results on Wednesday. The company reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. Birchcliff Energy had a return on equity of 6.09% and a net margin of 21.85%.

Birchcliff Energy Stock Performance

Birchcliff Energy stock opened at $4.50 on Thursday. Birchcliff Energy has a 1-year low of $3.15 and a 1-year high of $5.71. The firm has a market cap of $1.23 billion, a P/E ratio of 12.84 and a beta of 0.59. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $5.10 and a 200-day moving average of $4.55.

Birchcliff Energy Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $0.0215 per share. This represents a dividend yield of 168.0%. This is a positive change from Birchcliff Energy’s previous dividend of $0.02. The ex-dividend date of this dividend was Friday, June 13th. Birchcliff Energy’s payout ratio is currently 25.71%.

Wall Street Analysts Forecast Growth

BIREF has been the topic of several research reports. National Bankshares reissued an “outperform” rating on shares of Birchcliff Energy in a research report on Thursday, May 15th. Raymond James Financial upgraded shares of Birchcliff Energy to an “outperform” rating in a research report on Thursday. Two analysts have rated the stock with a buy rating and six have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average 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.