Birchcliff Energy (OTCMKTS:BIREF) Trading Down 3.6% – Here’s Why

Birchcliff Energy Ltd. (OTCMKTS:BIREF)’s share price was down 3.6% during trading on Tuesday . The stock traded as low as $4.55 and last traded at $4.55. Approximately 1,730 shares changed hands during trading, a decline of 98% from the average session volume of 106,296 shares. The stock had previously closed at $4.72.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BIREF shares. Scotiabank upgraded Birchcliff Energy to a “hold” rating in a research report on Friday, June 26th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Birchcliff Energy in a research note on Thursday, August 13th. One 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, Birchcliff Energy presently has a consensus rating of “Hold”.

Birchcliff Energy Price Performance

The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 18.37 and a beta of 0.18. 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 company’s fifty day moving average is $4.51 and its two-hundred day moving average is $4.76.

Birchcliff Energy (OTCMKTS:BIREF) last released its earnings results on Wednesday, August 12th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $124.98 million for the quarter, compared to analyst estimates of $121.83 million. Birchcliff Energy had a return on equity of 4.25% and a net margin of 12.93%.

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.