Birchcliff Energy (OTCMKTS:BIREF) Issues Earnings Results, Beats Estimates By $0.03 EPS

Birchcliff Energy (OTCMKTS:BIREF) released its quarterly earnings data on Wednesday. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $136.68 million for the quarter, compared to analysts’ expectations of $141.51 million.

Birchcliff Energy Price Performance

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

Birchcliff Energy Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Shareholders 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 currently 57.14%.

Analyst Ratings Changes

BIREF has been the subject of a number of research analyst reports. Cibc World Mkts raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 13th. Scotiabank upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. Canaccord Genuity Group raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. National Bank Financial raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Raymond James upgraded shares of Birchcliff Energy to a “moderate buy” rating in a research note on Monday, April 7th. Six research analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, Birchcliff Energy currently has an average rating of “Strong Buy”.

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.