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

Birchcliff Energy Ltd. (OTCMKTS:BIREF) has received an average rating of “Moderate Buy” from the four ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company.

Separately, BMO Capital Markets lowered shares of Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th.

Birchcliff Energy Trading Down 2.4%

Birchcliff Energy stock opened at $4.94 on Thursday. 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 firm has a market cap of $1.36 billion, a price-to-earnings ratio of 29.03 and a beta of 0.21. Birchcliff Energy has a 1 year low of $4.07 and a 1 year high of $5.90. The firm’s 50 day moving average price is $4.87 and its two-hundred day moving average price is $5.08.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The firm had revenue of $158.68 million for the quarter, compared to analyst estimates of $156.21 million. Birchcliff Energy had a net margin of 9.45% and a return on equity of 3.11%.

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.