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

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

A number of brokerages have recently commented on BIREF. 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. Scotiabank raised Birchcliff Energy to a “hold” rating in a research report on Friday, June 26th.

Birchcliff Energy Stock Up 2.1%

Birchcliff Energy stock opened at $4.56 on Friday. Birchcliff Energy has a twelve month low of $4.07 and a twelve month high of $5.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $1.25 billion, a PE ratio of 26.84 and a beta of 0.17. The firm’s 50 day moving average price is $4.57 and its two-hundred day moving average price is $4.84.

Birchcliff Energy (OTCMKTS:BIREF) last released its quarterly earnings data 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 business had revenue of $158.68 million during 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%.

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.