Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $998.86, Zacks reports. Birchcliff Energy had a return on equity of 2.81% and a net margin of 8.86%.
Birchcliff Energy Price Performance
Shares of BIREF traded down $0.07 during mid-day trading on Wednesday, hitting $4.62. 97,921 shares of the stock were exchanged, compared to its average volume of 108,803. The company has a market cap of $1.27 billion, a PE ratio of 28.88 and a beta of 0.21. Birchcliff Energy has a 52-week low of $4.07 and a 52-week high of $5.90. The firm has a 50-day moving average of $4.90 and a two-hundred day moving average of $5.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.23 and a current ratio of 1.23.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. BMO Capital Markets cut Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Canadian Imperial Bank of Commerce cut Birchcliff Energy to a “neutral” rating in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company 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.
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