Birchcliff Energy (BIREF) Projected to Announce Quarterly Earnings on Thursday

Birchcliff Energy (OTCMKTS:BIREF) will likely be posting its results after the market closes on Thursday, November 12th. Analysts expect Birchcliff Energy to post earnings of $0.0328 per share and revenue of $127.18 million for the quarter.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company 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 4.23% and a net margin of 12.93%. On average, analysts expect Birchcliff Energy to post $0.33 EPS for the current fiscal year and $0.39 EPS for the next fiscal year.

Birchcliff Energy Stock Performance

Shares of BIREF opened at $4.93 on Thursday. The company has a 50-day simple moving average of $4.68 and a 200-day simple moving average of $4.77. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.35 billion, a PE ratio of 20.16 and a beta of 0.30. Birchcliff Energy has a 52-week low of $4.11 and a 52-week high of $5.90.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BIREF shares. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Birchcliff Energy in a research report on Friday, October 9th. Raymond James Financial downgraded shares of Birchcliff Energy from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 16th. Four equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Birchcliff Energy presently has a consensus rating of “Hold”.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd. was a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focused on developing conventional and unconventional petroleum resources in the Western Canadian Sedimentary Basin, with its operations concentrated in Alberta’s Peace River Arch area.

Birchcliff’s primary products included natural gas, crude oil and natural gas liquids. Its core assets included the Montney and Doig formations near Grande Prairie, where the company used horizontal drilling and hydraulic fracturing to develop liquids-rich natural gas resources.