Birchcliff Energy (OTCMKTS:BIREF) Issues Quarterly Earnings Results, Hits Expectations

Birchcliff Energy (OTCMKTS:BIREF) announced its earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03, Zacks reports. Birchcliff Energy had a return on equity of 4.23% and a net margin of 12.93%.

Birchcliff Energy Price Performance

Birchcliff Energy stock traded up $0.07 during trading hours on Thursday, hitting $4.82. 23,090 shares of the company traded hands, compared to its average volume of 130,099. Birchcliff Energy has a 1-year low of $4.11 and a 1-year high of $5.90. The firm has a market cap of $1.33 billion, a P/E ratio of 19.28 and a beta of 0.30. The firm’s 50-day simple moving average is $4.68 and its two-hundred day simple moving average is $4.76. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.20.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Raymond James Financial lowered Birchcliff Energy from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 16th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Birchcliff Energy in a report on Friday, October 9th. Four equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Birchcliff Energy has a consensus rating of “Hold”.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd. is a Canadian oil and natural gas exploration and production company. It develops and produces natural gas, light oil, condensate and natural gas liquids. The company’s operations are concentrated in Alberta’s Peace River Arch region, where its key assets include the Montney and Doig resource plays and the Charlie Lake formation. Birchcliff also operates processing and related infrastructure to support its production. Founded in 2004 and headquartered in Calgary, Alberta, Birchcliff focuses on developing its Western Canadian resource base.