Birchcliff Energy (OTCMKTS:BIREF) Releases Earnings Results, Misses Estimates By $0.02 EPS

Birchcliff Energy (OTCMKTS:BIREF) announced its quarterly earnings data on Wednesday. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02), Zacks reports. The firm had revenue of $124.98 million during the quarter, compared to the consensus estimate of $121.83 million. Birchcliff Energy had a net margin of 9.45% and a return on equity of 3.08%.

Birchcliff Energy Stock Performance

Birchcliff Energy stock traded up $0.13 during midday trading on Thursday, hitting $4.71. The company’s stock had a trading volume of 13,552 shares, compared to its average volume of 105,760. 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 company has a market cap of $1.29 billion, a price-to-earnings ratio of 27.71 and a beta of 0.18. Birchcliff Energy has a 1-year low of $4.07 and a 1-year high of $5.90. The company has a 50-day moving average price of $4.53 and a two-hundred day moving average price of $4.81.

Analysts Set New Price Targets

Separately, Scotiabank upgraded Birchcliff Energy to a “hold” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus 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.