Birchcliff Energy (OTCMKTS:BIREF) Sets New 12-Month High – Should You Buy?

Birchcliff Energy Ltd. (OTCMKTS:BIREF)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $4.84 and last traded at $4.79, with a volume of 54011 shares traded. The stock had previously closed at $4.78.

Analyst Ratings Changes

Several brokerages have recently weighed in on BIREF. TD Securities upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a report on Thursday, March 13th. Scotiabank raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Canaccord Genuity Group upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Six analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Birchcliff Energy Stock Performance

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 cap of $1.30 billion, a P/E ratio of 34.21 and a beta of 0.63. The business’s 50 day simple moving average is $4.09 and its 200 day simple moving average is $3.93.

Birchcliff Energy (OTCMKTS:BIREF) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 EPS for the quarter. Birchcliff Energy had a net margin of 9.39% and a return on equity of 2.49%.

Birchcliff Energy Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.0209 dividend. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 2.44%. Birchcliff Energy’s payout ratio is 57.14%.

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.