Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF – Get Free Report) have been given a consensus recommendation of “Strong Buy” by the six analysts that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a strong buy rating.
BIREF has been the subject of a number of recent research reports. Cormark raised Birchcliff Energy to a “strong-buy” rating in a research note on Thursday. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Cibc World Mkts raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, Scotiabank raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th.
Get Our Latest Stock Report on BIREF
Birchcliff Energy Trading Up 0.8 %
Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 EPS for the quarter. Birchcliff Energy had a return on equity of 2.49% and a net margin of 9.39%.
Birchcliff Energy Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.0209 dividend. This represents a yield of 2.44%. The ex-dividend date is 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.
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