Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03, Zacks reports. Birchcliff Energy had a return on equity of 4.23% and a net margin of 12.93%. The business had revenue of $133.46 million for the quarter, compared to analyst estimates of $127.18 million.
Birchcliff Energy Price Performance
OTCMKTS BIREF opened at $4.82 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s fifty day moving average price is $4.68 and its 200 day moving average price is $4.76. Birchcliff Energy has a 1 year low of $4.11 and a 1 year high of $5.90. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 19.00 and a beta of 0.30.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on BIREF. Raymond James Financial downgraded shares of Birchcliff Energy from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 16th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Birchcliff Energy in a research note on Friday, October 9th. Four research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Birchcliff Energy has a consensus rating of “Hold”.
View Our Latest Analysis on BIREF
About Birchcliff Energy
Birchcliff Energy Ltd. is a Canadian oil and natural gas exploration and production company. It develops and produces natural gas, light oil, condensate and natural gas liquids. The company’s operations are concentrated in Alberta’s Peace River Arch region, where its key assets include the Montney and Doig resource plays and the Charlie Lake formation. Birchcliff also operates processing and related infrastructure to support its production. Founded in 2004 and headquartered in Calgary, Alberta, Birchcliff focuses on developing its Western Canadian resource base.
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