Birchcliff Energy Ltd. (OTCMKTS:BIREF) Given Average Recommendation of “Buy” by Analysts

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) have received a consensus rating of “Buy” from the five analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company.

A number of brokerages have weighed in on BIREF. BMO Capital Markets raised Birchcliff Energy from a “hold” rating to an “outperform” rating in a research report on Monday, December 15th. Canadian Imperial Bank of Commerce lowered Birchcliff Energy to a “neutral” rating in a report on Thursday, January 15th.

Birchcliff Energy Stock Up 3.2%

Birchcliff Energy stock opened at $5.82 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24. Birchcliff Energy has a 1-year low of $3.65 and a 1-year high of $5.90. The firm’s fifty day simple moving average is $5.19 and its 200-day simple moving average is $4.97. The company has a market capitalization of $1.60 billion, a P/E ratio of 36.38 and a beta of 0.44.

Birchcliff Energy (OTCMKTS:BIREF) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $141.66 million during the quarter, compared to analysts’ expectations of $138.97 million. Birchcliff Energy had a net margin of 8.86% and a return on equity of 2.81%.

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.