Birchcliff Energy (OTCMKTS:BIREF) Announces Quarterly Earnings Results, Hits Expectations

Birchcliff Energy (OTCMKTS:BIREF) posted its quarterly earnings data on Wednesday. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07, Zacks reports. The business had revenue of $141.66 million during the quarter, compared to the consensus estimate of $138.97 million. Birchcliff Energy had a net margin of 10.60% and a return on equity of 3.17%.

Birchcliff Energy Stock Up 2.3%

OTCMKTS BIREF opened at $5.33 on Thursday. Birchcliff Energy has a 12 month low of $3.34 and a 12 month high of $5.90. The company has a market capitalization of $1.46 billion, a P/E ratio of 29.61 and a beta of 0.47. The company’s 50 day simple moving average is $5.29 and its 200 day simple moving average is $4.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.23 and a quick ratio of 1.23.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BMO Capital Markets raised shares of Birchcliff Energy from a “hold” rating to an “outperform” rating in a research note on Monday, December 15th. Canadian Imperial Bank of Commerce cut Birchcliff Energy to a “neutral” rating in a report on Thursday, January 15th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Birchcliff Energy presently has an average rating of “Buy”.

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.