Birchcliff Energy (OTCMKTS:BIREF) Releases Earnings Results, Misses Expectations By $0.02 EPS

Birchcliff Energy (OTCMKTS:BIREF) issued its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02), Zacks reports. The company had revenue of $124.98 million during the quarter, compared to analysts’ expectations of $121.83 million. Birchcliff Energy had a net margin of 12.93% and a return on equity of 4.25%.

Birchcliff Energy Trading Down 0.6%

OTCMKTS:BIREF traded down $0.03 on Friday, reaching $4.62. 2,900 shares of the company’s stock were exchanged, compared to its average volume of 105,489. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 18.48 and a beta of 0.18. The business has a fifty day moving average of $4.53 and a 200-day moving average of $4.80. Birchcliff Energy has a 52-week low of $4.07 and a 52-week high of $5.90.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Birchcliff Energy in a report on Thursday. Scotiabank raised Birchcliff Energy to a “hold” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Birchcliff Energy

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.