Birchcliff Energy (OTCMKTS:BIREF) Shares Gap Up – What’s Next?

Birchcliff Energy Ltd. (OTCMKTS:BIREF – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $4.70, but opened at $4.92. Birchcliff Energy shares last traded at $4.88, with a volume of 2,500 shares changing hands.

Analysts Set New Price Targets

Separately, 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. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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Birchcliff Energy Stock Performance

The stock’s 50-day simple moving average is $4.74 and its 200 day simple moving average is $5.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $1.34 billion, a PE ratio of 28.76 and a beta of 0.20.

Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $156.21 million.

Birchcliff Energy Company Profile

(Get Free Report)

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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