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

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) have been assigned an average rating of “Buy” from the seven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and three have assigned a strong buy recommendation to the company.

Several analysts have issued reports on BIREF shares. BMO Capital Markets raised Birchcliff Energy from a “hold” rating to an “outperform” rating in a research note on Monday, December 15th. Canadian Imperial Bank of Commerce lowered shares of Birchcliff Energy to a “neutral” rating in a report on Thursday, January 15th.

Birchcliff Energy Price Performance

Shares of Birchcliff Energy stock traded up $0.12 during trading on Friday, hitting $5.19. The stock had a trading volume of 294,461 shares, compared to its average volume of 63,299. 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 12 month low of $3.34 and a 12 month high of $5.90. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 32.44 and a beta of 0.44. The business’s 50-day moving average is $5.16 and its 200 day moving average is $4.89.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $141.66 million during the quarter, compared to analyst estimates 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.