Birchcliff Energy (BIREF) Projected to Post Earnings on Wednesday

Birchcliff Energy (OTCMKTS:BIREF) is projected to release its resultson Wednesday, May 13th. Analysts expect Birchcliff Energy to post earnings of $0.1393 per share and revenue of $156.2090 million for the quarter.

Birchcliff Energy (OTCMKTS:BIREF) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $141.66 million during the quarter, compared to the consensus estimate of $138.97 million. Birchcliff Energy had a return on equity of 2.81% and a net margin of 8.86%.

Birchcliff Energy Trading Up 0.9%

BIREF stock opened at $4.67 on Tuesday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 29.19 and a beta of 0.21. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $4.91 and a 200-day simple moving average of $5.06. Birchcliff Energy has a 52 week low of $4.07 and a 52 week high of $5.90.

Wall Street Analyst Weigh In

BIREF has been the subject of a number of research analyst reports. BMO Capital Markets downgraded Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Canadian Imperial Bank of Commerce downgraded Birchcliff Energy to a “neutral” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average 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.