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

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

BIREF has been the topic of a number of research reports. Scotiabank upgraded Birchcliff Energy to a “hold” rating in a research report on Friday, June 26th. BMO Capital Markets cut Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th.

Birchcliff Energy Price Performance

Shares of OTCMKTS:BIREF opened at $4.49 on Friday. The company’s fifty day moving average price is $4.61 and its 200-day moving average price is $4.86. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 26.40 and a beta of 0.17. Birchcliff Energy has a one year low of $4.07 and a one year high of $5.90.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. Birchcliff Energy had a net margin of 9.45% and a return on equity of 3.08%. The company had revenue of $158.68 million during the quarter, compared to the consensus estimate of $156.21 million.

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.