Birchcliff Energy (OTCMKTS:BIREF) Stock Price Up 6.6% – Time to Buy?

Birchcliff Energy Ltd. (OTCMKTS:BIREF) rose 6.6% on Tuesday . The company traded as high as $4.58 and last traded at $4.58. Approximately 285 shares traded hands during trading, a decline of 100% from the average daily volume of 116,714 shares. The stock had previously closed at $4.2980.

Wall Street Analysts Forecast Growth

BIREF has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce lowered Birchcliff Energy to a “neutral” rating in a research report on Thursday, January 15th. BMO Capital Markets lowered Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Birchcliff Energy currently has an average rating of “Moderate Buy”.

Birchcliff Energy Trading Up 1.9%

The stock has a market capitalization of $1.31 billion, a P/E ratio of 29.63 and a beta of 0.43. 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 company has a 50-day moving average price of $4.92 and a 200 day moving average price of $5.04.

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

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.