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

Birchcliff Energy Ltd. (OTCMKTS:BIREF) has been given an average rating of “Buy” by the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and four have issued a strong buy rating on the company.

BIREF has been the topic of several recent analyst reports. Cibc Captl Mkts cut Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. CIBC downgraded Birchcliff Energy to a “neutral” rating in a research note on Thursday, January 15th. Finally, BMO Capital Markets upgraded Birchcliff Energy from a “hold” rating to an “outperform” rating in a research note on Monday, December 15th.

Birchcliff Energy Stock Down 1.8%

Shares of Birchcliff Energy stock opened at $5.21 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.43 billion, a PE ratio of 28.92 and a beta of 0.47. The business has a fifty day simple moving average of $5.32 and a 200 day simple moving average of $4.85. Birchcliff Energy has a 12 month low of $3.34 and a 12 month 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 for the quarter, missing the consensus estimate of $0.01 by ($0.05). The firm had revenue of $107.43 million for the quarter, compared to the consensus estimate of $111.85 million. Birchcliff Energy had a return on equity of 3.17% and a net margin of 10.60%.

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.