Birchcliff Energy Ltd. (OTCMKTS:BIREF – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $4.3620, but opened at $4.5620. Birchcliff Energy shares last traded at $4.50, with a volume of 1,108 shares.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on BIREF. Scotiabank upgraded Birchcliff Energy to a “hold” rating in a report on Friday, June 26th. BMO Capital Markets cut shares of Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Birchcliff Energy has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on BIREF
Birchcliff Energy Price Performance
Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Birchcliff Energy had a return on equity of 3.08% and a net margin of 9.45%.The firm had revenue of $158.68 million during the quarter, compared to analysts’ expectations of $156.21 million.
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.
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