Birchcliff Energy (OTCMKTS:BIREF) Rating Lowered to “Hold” at Cibc Captl Mkts

Birchcliff Energy (OTCMKTS:BIREF) was downgraded by Cibc Captl Mkts from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

BIREF has been the subject of a number of other reports. BMO Capital Markets upgraded Birchcliff Energy from a “hold” rating to an “outperform” rating in a research note on Monday, December 15th. TD Securities restated a “buy” rating on shares of Birchcliff Energy in a research note on Tuesday, September 30th. Six investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Birchcliff Energy currently has an average rating of “Buy”.

Birchcliff Energy Stock Performance

Shares of BIREF stock opened at $4.95 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.23 and a quick ratio of 1.23. Birchcliff Energy has a 12 month low of $3.34 and a 12 month high of $5.90. The company’s fifty day moving average price is $5.27 and its two-hundred day moving average price is $4.84. The firm has a market capitalization of $1.36 billion, a P/E ratio of 27.50 and a beta of 0.43.

Birchcliff Energy (OTCMKTS:BIREF) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). The business had revenue of $107.43 million for the quarter, compared to analyst estimates of $111.85 million. Birchcliff Energy had a net margin of 10.60% and a return on equity of 3.17%.

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.