Birchcliff Energy (OTCMKTS:BIREF) Stock Price Down 5.1% – What’s Next?

Birchcliff Energy Ltd. (OTCMKTS:BIREF) shares fell 5.1% during trading on Tuesday . The company traded as low as $4.70 and last traded at $4.70. 23,858 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 103,782 shares. The stock had previously closed at $4.9550.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Birchcliff Energy currently has a consensus rating of “Moderate Buy”.

Birchcliff Energy Stock Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50-day simple moving average of $4.86 and a 200 day simple moving average of $5.08. The firm has a market cap of $1.28 billion, a PE ratio of 27.24 and a beta of 0.21.

Birchcliff Energy (OTCMKTS:BIREF) last issued its earnings results 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 the consensus estimate of $156.21 million. Birchcliff Energy had a net margin of 9.45% and a return on equity of 3.11%.

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.