Birchcliff Energy (OTCMKTS:BIREF) Cut to Hold at Cibc Captl Mkts

Birchcliff Energy (OTCMKTS:BIREF) was downgraded by equities researchers at Cibc Captl Mkts from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on BIREF. BMO Capital Markets raised Birchcliff Energy from a “hold” rating to an “outperform” rating in a research report on Monday, December 15th. TD Securities reiterated a “buy” rating on shares of Birchcliff Energy in a research note on Tuesday, September 30th. Six equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Birchcliff Energy Price Performance

Shares of BIREF opened at $5.11 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $5.27 and its 200 day simple moving average is $4.84. Birchcliff Energy has a 1-year low of $3.34 and a 1-year high of $5.90. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 28.39 and a beta of 0.43.

Birchcliff Energy (OTCMKTS:BIREF) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.04) EPS 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 the consensus estimate of $111.85 million. Birchcliff Energy had a net margin of 10.60% and a return on equity of 3.17%.

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.