Birchcliff Energy Ltd. (OTCMKTS:BIREF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Birchcliff Energy Ltd. (OTCMKTS:BIREF) has earned an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of analysts have weighed in on BIREF shares. Scotiabank raised shares of Birchcliff Energy to a “hold” rating in a report on Friday. BMO Capital Markets cut shares of Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th.

Birchcliff Energy Stock Performance

BIREF stock opened at $4.48 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 26.33 and a beta of 0.20. Birchcliff Energy has a 12 month low of $4.07 and a 12 month high of $5.90. The firm has a 50 day moving average of $4.64 and a two-hundred day moving average of $4.98.

Birchcliff Energy (OTCMKTS:BIREF) last posted its earnings results on Wednesday, May 13th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The company 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 3.08%.

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.