Birchcliff Energy Ltd. (OTCMKTS:BIREF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several brokerages recently commented on BIREF. Scotiabank upgraded Birchcliff Energy to a “hold” rating in a report on Friday, June 26th. BMO Capital Markets lowered shares of Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th.

Birchcliff Energy Stock Down 1.9%

BIREF opened at $4.61 on Friday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 27.12 and a beta of 0.17. Birchcliff Energy has a 12 month low of $4.07 and a 12 month high of $5.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50-day moving average of $4.62 and a two-hundred day moving average of $4.86.

Birchcliff Energy (OTCMKTS:BIREF) last announced its quarterly 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. Birchcliff Energy had a return on equity of 3.08% and a net margin of 9.45%.The company had revenue of $158.68 million during the quarter, compared to analyst estimates of $156.21 million.

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.