BMO Capital Markets Downgrades Birchcliff Energy (OTCMKTS:BIREF) to Hold

Birchcliff Energy (OTCMKTS:BIREF) was downgraded by stock analysts at BMO Capital Markets from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Canadian Imperial Bank of Commerce cut shares of Birchcliff Energy to a “neutral” rating in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Birchcliff Energy Stock Performance

OTCMKTS:BIREF opened at $4.46 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $1.23 billion, a P/E ratio of 27.88 and a beta of 0.43. The company has a 50 day moving average price of $5.18 and a 200 day moving average price of $5.02. Birchcliff Energy has a fifty-two week low of $3.65 and a fifty-two week high of $5.90.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $141.66 million during the quarter, compared to analysts’ expectations of $138.97 million. Birchcliff Energy had a net margin of 8.86% and a return on equity of 2.81%.

About Birchcliff Energy

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.