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

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) have been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and six have issued a strong buy recommendation on the company.

Several equities analysts have recently commented on BIREF shares. Cibc Captl Mkts cut shares of Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets upgraded Birchcliff Energy from a “hold” rating to an “outperform” rating in a research note on Monday, December 15th. TD Securities reiterated a “buy” rating on shares of Birchcliff Energy in a research note on Tuesday, September 30th. Finally, CIBC cut Birchcliff Energy to a “neutral” rating in a report on Thursday.

Birchcliff Energy Trading Down 0.7%

Shares of BIREF stock opened at $4.92 on Friday. The stock has a market cap of $1.35 billion, a P/E ratio of 27.31 and a beta of 0.43. Birchcliff Energy has a 1 year low of $3.34 and a 1 year high of $5.90. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $5.27 and a 200 day simple moving average of $4.84.

Birchcliff Energy (OTCMKTS:BIREF) last released its earnings results on Wednesday, November 12th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). Birchcliff Energy had a net margin of 10.60% and a return on equity of 3.17%. The company had revenue of $107.43 million for 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.