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

Birchcliff Energy Ltd. (OTCMKTS:BIREF) has received an average rating of “Strong Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy rating and six have given a strong buy rating to the company.

BIREF has been the topic of several analyst reports. TD Securities reaffirmed a “buy” rating on shares of Birchcliff Energy in a report on Tuesday, September 30th. BMO Capital Markets upgraded shares of Birchcliff Energy from a “hold” rating to an “outperform” rating in a research report on Monday, December 15th. Finally, Cibc Captl Mkts cut Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.

Birchcliff Energy Price Performance

Birchcliff Energy stock opened at $5.11 on Friday. Birchcliff Energy has a 12 month low of $3.34 and a 12 month high of $5.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50 day simple moving average of $5.27 and a 200-day simple moving average of $4.84. The stock has a market capitalization of $1.40 billion, a PE ratio of 28.39 and a beta of 0.43.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). The firm had revenue of $107.43 million during the quarter, compared to analysts’ expectations of $111.85 million. Birchcliff Energy had a net margin of 10.60% and a return on equity of 3.17%.

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.