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

Birchcliff Energy Ltd. (OTCMKTS:BIREF – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the four analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company.

Separately, BMO Capital Markets cut shares of Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th.

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Birchcliff Energy Stock Up 2.5%

Shares of BIREF opened at $4.92 on Thursday. Birchcliff Energy has a 12 month low of $4.07 and a 12 month high of $5.90. The firm’s 50 day moving average is $4.88 and its 200-day moving average is $5.07. The stock has a market capitalization of $1.36 billion, a PE ratio of 28.94 and a beta of 0.21. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24.

Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. Birchcliff Energy had a net margin of 9.45% and a return on equity of 3.11%. The company had revenue of $158.68 million for the quarter, compared to analysts’ expectations of $156.21 million.

About Birchcliff Energy

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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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