Birchcliff Energy (OTCMKTS:BIREF) Shares Gap Up – Still a Buy?

Birchcliff Energy Ltd. (OTCMKTS:BIREF)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $5.00, but opened at $5.29. Birchcliff Energy shares last traded at $5.07, with a volume of 7,829 shares traded.

Analyst Ratings Changes

Several analysts have recently commented on BIREF shares. Canadian Imperial Bank of Commerce downgraded shares of Birchcliff Energy to a “neutral” rating in a report on Thursday, January 15th. BMO Capital Markets upgraded shares of 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 given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Birchcliff Energy Stock Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $1.41 billion, a PE ratio of 32.06 and a beta of 0.47. The firm’s 50 day moving average price is $5.28 and its 200-day moving average price is $4.86.

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

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.