Birchcliff Energy Ltd. (OTCMKTS:BIREF) Given Average Recommendation of “Buy” by Analysts

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) have been assigned a consensus rating of “Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and four have given a strong buy rating to the company.

A number of research analysts have weighed in on the company. CIBC lowered Birchcliff Energy to a “neutral” rating in a report on Thursday, January 15th. Cibc Captl Mkts cut shares of Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Finally, BMO Capital Markets upgraded shares of Birchcliff Energy from a “hold” rating to an “outperform” rating in a research note on Monday, December 15th.

Birchcliff Energy Stock Down 3.4%

Birchcliff Energy stock opened at $5.20 on Tuesday. The firm has a 50 day simple moving average of $5.32 and a 200 day simple moving average of $4.84. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24. Birchcliff Energy has a 1-year low of $3.34 and a 1-year high of $5.90. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 28.88 and a beta of 0.47.

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

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.