Birchcliff Energy Ltd. (OTCMKTS:BIREF) Receives Consensus Rating of “Buy” from Analysts

Birchcliff Energy Ltd. (OTCMKTS:BIREF) has received an average recommendation of “Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several equities research analysts have issued reports on the company. BMO Capital Markets raised Birchcliff Energy from a “hold” rating to an “outperform” rating in a report on Monday, December 15th. Canadian Imperial Bank of Commerce downgraded shares of Birchcliff Energy to a “neutral” rating in a report on Thursday, January 15th.

Birchcliff Energy Stock Performance

OTCMKTS BIREF opened at $5.67 on Wednesday. Birchcliff Energy has a 12 month low of $3.65 and a 12 month high of $5.90. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $5.22 and a 200-day moving average of $4.99. The company has a market cap of $1.56 billion, a PE ratio of 35.44 and a beta of 0.44.

Birchcliff Energy (OTCMKTS:BIREF) last issued its earnings results on Wednesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. Birchcliff Energy had a net margin of 8.86% and a return on equity of 2.81%. The company had revenue of $141.66 million for the quarter, compared to analysts’ expectations of $138.97 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.