Birchcliff Energy (OTCMKTS:BIREF) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Birchcliff Energy (OTCMKTS:BIREF) issued its quarterly earnings results on Wednesday. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04, Zacks reports. Birchcliff Energy had a return on equity of 3.11% and a net margin of 9.45%.The company had revenue of $158.68 million during the quarter, compared to the consensus estimate of $156.21 million.

Birchcliff Energy Stock Up 0.3%

Shares of BIREF traded up $0.02 during midday trading on Friday, reaching $4.82. 22,686 shares of the stock were exchanged, compared to its average volume of 107,472. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24. Birchcliff Energy has a 52 week low of $4.07 and a 52 week high of $5.90. The company’s 50 day moving average is $4.89 and its two-hundred day moving average is $5.07. The company has a market capitalization of $1.33 billion, a P/E ratio of 28.35 and a beta of 0.21.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BIREF. Canadian Imperial Bank of Commerce cut shares of Birchcliff Energy to a “neutral” rating in a research note on Thursday, January 15th. BMO Capital Markets cut Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Birchcliff Energy has an average rating of “Moderate Buy”.

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.