Birchcliff Energy Ltd. (OTCMKTS:BIREF) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company.

Several research firms have recently commented on BIREF. BMO Capital Markets cut Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Scotiabank upgraded shares of Birchcliff Energy to a “hold” rating in a research note on Friday, June 26th.

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Birchcliff Energy Trading Down 1.9%

OTCMKTS:BIREF opened at $4.61 on Friday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 27.12 and a beta of 0.17. Birchcliff Energy has a one year low of $4.07 and a one year high of $5.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.17 and a current ratio of 1.17. The business’s 50-day simple moving average is $4.62 and its 200 day simple moving average is $4.86.

Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.18 earnings per share 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 analyst estimates of $156.21 million.

About Birchcliff Energy

(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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