Birchcliff Energy (OTCMKTS:BIREF) Announces Quarterly Earnings Results

Birchcliff Energy (OTCMKTS:BIREF) issued its earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02), Zacks reports. Birchcliff Energy had a return on equity of 3.08% and a net margin of 9.45%.

Birchcliff Energy Stock Performance

Shares of BIREF traded down $0.03 during trading hours on Wednesday, hitting $4.58. The stock had a trading volume of 145,063 shares, compared to its average volume of 106,429. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 1.17. Birchcliff Energy has a 12 month low of $4.07 and a 12 month high of $5.90. The firm has a market capitalization of $1.26 billion, a PE ratio of 26.94 and a beta of 0.18. The stock has a fifty day moving average price of $4.54 and a 200 day moving average price of $4.81.

Analyst Ratings Changes

Separately, Scotiabank raised Birchcliff Energy to a “hold” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

About Birchcliff Energy

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.