Birchcliff Energy Ltd. (OTCMKTS:BIREF) Receives Consensus Rating of “Strong Buy” from Brokerages

Birchcliff Energy Ltd. (OTCMKTS:BIREF) has been given a consensus recommendation of “Strong Buy” by the ten research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a buy recommendation and six have assigned a strong buy recommendation to the company.

Several equities research analysts have issued reports on the company. BMO Capital Markets raised Birchcliff Energy from a “hold” rating to an “outperform” rating in a report on Monday, December 15th. TD Securities reiterated a “buy” rating on shares of Birchcliff Energy in a report on Tuesday, September 30th.

Birchcliff Energy Trading Down 0.1%

Birchcliff Energy stock opened at $5.07 on Friday. The stock has a 50-day simple moving average of $5.25 and a 200 day simple moving average of $4.85. The stock has a market capitalization of $1.39 billion, a P/E ratio of 28.17 and a beta of 0.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.23 and a current ratio of 1.23. Birchcliff Energy has a 52 week low of $3.34 and a 52 week high of $5.90.

Birchcliff Energy (OTCMKTS:BIREF) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.05). Birchcliff Energy had a net margin of 10.60% and a return on equity of 3.17%. The business had revenue of $107.43 million during the quarter, compared to the consensus estimate of $111.85 million.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd. (OTCMKTS: BIREF) is a Canada-based exploration and production company headquartered in Calgary, Alberta. Since its founding in 2000, Birchcliff has focused on developing natural gas, natural gas liquids and light oil resources in Western Canada. The company is publicly listed on the Toronto Stock Exchange and the OTC Markets and maintains an integrated asset base to support its upstream and midstream activities.

The company’s core operations are concentrated in the Montney formation of northeastern British Columbia and northwestern Alberta, one of North America’s largest unconventional resource plays.