Birchcliff Energy (OTCMKTS:BIREF) Announces Quarterly Earnings Results

Birchcliff Energy (OTCMKTS:BIREF) posted its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02), Zacks reports. Birchcliff Energy had a net margin of 9.45% and a return on equity of 3.08%.

Birchcliff Energy Stock Down 0.7%

OTCMKTS:BIREF traded down $0.03 during mid-day trading on Wednesday, hitting $4.58. 145,063 shares of the company’s stock were exchanged, compared to its average volume of 106,429. The company has a market cap of $1.26 billion, a PE ratio of 26.94 and a beta of 0.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 1.17. Birchcliff Energy has a one year low of $4.07 and a one year high of $5.90. The business has a fifty day moving average price of $4.54 and a 200 day moving average price of $4.81.

Analysts Set New Price Targets

Separately, Scotiabank raised Birchcliff Energy to a “hold” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.