Birchcliff Energy Reports Quarterly Earnings Results

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) announced its quarterly earnings on Wednesday. According to Zacks, the company reported earnings of $0.09 per share for the quarter. Birchcliff Energy recorded a net margin of 2.43% and a return on equity of 0.68%.

Birchcliff Energy Stock Performance

On Wednesday, Birchcliff Energy's stock traded down by $0.03, bringing the price to $4.05. A total of 150,118 shares were exchanged, compared to the average volume of 97,234 shares, reflecting active trading. The company has a current market capitalization of approximately $1.10 billion, along with a price-to-earnings (P/E) ratio of 101.25 and a beta of 0.62. Over the last year, Birchcliff Energy’s stock has seen a low of $3.15 and a high of $4.83. Additionally, the stock's 50-day moving average is $3.81, while the 200-day moving average stands at $3.97. The company also boasts a debt-to-equity ratio of 0.22, with both its quick ratio and current ratio being at 1.01.

Dividend Announcement

The company recently revealed a dividend, which was disbursed on December 31st. Shareholders recorded on December 16th received a dividend payment of $0.0714 per share, resulting in a yield of 8.06%. The ex-dividend date was December 13th, and it is worth noting that Birchcliff Energy's dividend payout ratio currently stands at a striking 700.18%.

Analyst Ratings Changes

Birchcliff Energy has been the focus of several recent updates from analysts. TD Securities upgraded their rating for the company from "hold" to "strong-buy" in a report released on January 23rd. Similarly, Scotiabank raised their rating from "hold" to "strong-buy" on January 17th, and National Bank Financial also heightened their rating to "strong-buy" on January 22nd.

About Birchcliff Energy

Birchcliff Energy Ltd. is an intermediate oil and natural gas company engaged in exploring, developing, and producing natural gas, light oil, and natural gas liquids in Western Canada. The company’s focus includes activities in the Montney/Doig Resource Play, specifically within the Pouce Coupe and Gordondale properties located in Alberta.

Earnings, Stock, Dividend