Birchcliff Energy (OTCMKTS:BIREF) Stock Price Up 9.3% – Should You Buy?

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) rose 9.3% during trading on Monday . The company traded as high as $5.06 and last traded at $5.06. Approximately 41,134 shares were traded during trading, a decline of 58% from the average daily volume of 97,875 shares. The stock had previously closed at $4.63.

Analyst Ratings Changes

Separately, BMO Capital Markets downgraded shares of Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Birchcliff Energy Trading Up 7.1%

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 business’s 50 day moving average is $4.72 and its 200 day moving average is $5.07. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 29.18 and a beta of 0.20.

Birchcliff Energy (OTCMKTS:BIREF) last issued its earnings results on Wednesday, May 13th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $158.68 million during the quarter, compared to the consensus estimate of $156.21 million. Birchcliff Energy had a net margin of 9.45% and a return on equity of 3.11%.

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.