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

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company.

Several analysts have weighed in on BIREF shares. BMO Capital Markets cut Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Scotiabank raised Birchcliff Energy to a “hold” rating in a research report on Friday, June 26th.

Birchcliff Energy Trading Up 0.7%

OTCMKTS BIREF traded up $0.03 on Tuesday, hitting $4.47. The company’s stock had a trading volume of 2,021 shares, compared to its average volume of 107,080. Birchcliff Energy has a 52-week low of $4.07 and a 52-week high of $5.90. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18. The company’s 50-day simple moving average is $4.66 and its 200 day simple moving average is $4.94. The firm has a market cap of $1.23 billion, a P/E ratio of 26.29 and a beta of 0.17.

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

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.