Birchcliff Energy Ltd. (OTCMKTS:BIREF – Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $4.63, but opened at $4.9075. Birchcliff Energy shares last traded at $4.6555, with a volume of 32,734 shares trading hands.
Analysts Set New Price Targets
BIREF has been the subject of several research analyst reports. BMO Capital Markets downgraded shares of Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Canadian Imperial Bank of Commerce downgraded shares of Birchcliff Energy to a “neutral” rating in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
Get Our Latest Stock Report on BIREF
Birchcliff Energy Stock Up 0.9%
Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $141.66 million during the quarter, compared to the consensus estimate of $138.97 million. Birchcliff Energy had a net margin of 8.86% and a return on equity of 2.81%.
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.
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