Birchcliff Energy (OTCMKTS:BIREF) Issues 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 Price Performance

BIREF stock traded down $0.03 during trading on Wednesday, reaching $4.05. 150,118 shares of the company were exchanged, compared to its average volume of 97,234. The company has a market cap of $1.10 billion, a P/E ratio of 101.25 and a beta of 0.62. Birchcliff Energy has a 52-week low of $3.15 and a 52-week high of $4.83. The stock’s 50 day moving average price is $3.81 and its 200 day moving average price is $3.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01.

Birchcliff Energy Cuts Dividend

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

Analyst Upgrades and Downgrades

BIREF has been the subject of several recent analyst reports. TD Securities raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Scotiabank raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. 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.

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.