Birchcliff Energy (OTCMKTS:BIREF) Shares Cross Below 50 Day Moving Average – What’s Next?

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.23 and traded as low as $5.0180. Birchcliff Energy shares last traded at $5.0630, with a volume of 25,719 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Canadian Imperial Bank of Commerce cut Birchcliff Energy to a “neutral” rating in a research report on Thursday, January 15th. BMO Capital Markets upgraded Birchcliff Energy from a “hold” rating to an “outperform” rating in a research report on Monday, December 15th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Birchcliff Energy Trading Down 1.0%

The stock has a 50 day moving average of $5.23 and a 200 day moving average of $4.86. 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 firm has a market cap of $1.39 billion, a P/E ratio of 31.65 and a beta of 0.47.

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

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.