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

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) have been assigned an average rating of “Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and three have assigned a strong buy recommendation to the company.

Several brokerages have recently issued reports on BIREF. BMO Capital Markets raised Birchcliff Energy from a “hold” rating to an “outperform” rating in a research note on Monday, December 15th. Canadian Imperial Bank of Commerce cut shares of Birchcliff Energy to a “neutral” rating in a research report on Thursday, January 15th.

Birchcliff Energy Price Performance

BIREF opened at $5.25 on Tuesday. 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 stock has a market capitalization of $1.44 billion, a P/E ratio of 29.18 and a beta of 0.47. The company’s 50 day simple moving average is $5.30 and its 200-day simple moving average is $4.85. Birchcliff Energy has a one year low of $3.34 and a one year high of $5.90.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.05). The firm had revenue of $107.43 million for the quarter, compared to analyst estimates of $111.85 million. Birchcliff Energy had a return on equity of 3.17% and a net margin of 10.60%.

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.