Birchcliff Energy Ltd. (OTCMKTS:BIREF) Receives Consensus Recommendation of “Buy” from Analysts

Birchcliff Energy Ltd. (OTCMKTS:BIREF) has received a consensus rating of “Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and three have issued a strong buy recommendation on the company.

BIREF has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce downgraded Birchcliff Energy to a “neutral” rating in a research note on Thursday, January 15th. BMO Capital Markets raised shares of Birchcliff Energy from a “hold” rating to an “outperform” rating in a research report on Monday, December 15th.

Birchcliff Energy Stock Performance

Shares of OTCMKTS BIREF opened at $5.02 on Friday. Birchcliff Energy has a 12 month low of $3.34 and a 12 month high of $5.90. The company has a market capitalization of $1.38 billion, a P/E ratio of 31.38 and a beta of 0.47. The stock has a 50 day moving average of $5.20 and a 200-day moving average of $4.87. 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 (OTCMKTS:BIREF) last posted its earnings results on Wednesday, February 11th. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The company had revenue of $141.66 million during the quarter, compared to the consensus estimate of $138.97 million. Birchcliff Energy had a return on equity of 2.81% and a net margin of 8.86%.

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.