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

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

BIREF has been the topic of several recent analyst reports. BMO Capital Markets lowered shares of Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Scotiabank raised shares of Birchcliff Energy to a “hold” rating in a research note on Friday.

Birchcliff Energy Stock Up 0.8%

Shares of OTCMKTS BIREF opened at $4.48 on Tuesday. The firm has a market capitalization of $1.23 billion, a PE ratio of 26.33 and a beta of 0.20. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18. 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 is $4.64 and its 200-day moving average is $4.98.

Birchcliff Energy (OTCMKTS:BIREF) last issued 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. The company 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 3.08%.

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.