Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $4.48, but opened at $4.70. Birchcliff Energy shares last traded at $4.64, with a volume of 1,005 shares trading hands.
Analysts Set New Price Targets
A number of brokerages have weighed in on BIREF. BMO Capital Markets cut Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Scotiabank raised Birchcliff Energy to a “hold” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
Check Out Our Latest Report on Birchcliff Energy
Birchcliff Energy Stock Performance
Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $158.68 million during the quarter, compared to analyst estimates of $156.21 million. Birchcliff Energy had a net margin of 9.45% and a return on equity of 3.08%.
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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