Birchcliff Energy Ltd. (OTCMKTS:BIREF) Receives Average Recommendation of “Strong Buy” from Brokerages

Birchcliff Energy Ltd. (OTCMKTS:BIREF) has received a consensus recommendation of “Strong Buy” from the ten research firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation and six have issued a strong buy recommendation on the company.

Several research analysts recently commented on BIREF shares. BMO Capital Markets raised Birchcliff Energy from a “hold” rating to an “outperform” rating in a research note on Monday, December 15th. TD Securities reiterated a “buy” rating on shares of Birchcliff Energy in a research note on Tuesday, September 30th.

Birchcliff Energy Price Performance

Shares of BIREF opened at $5.26 on Monday. The company has a market cap of $1.44 billion, a P/E ratio of 29.21 and a beta of 0.39. Birchcliff Energy has a fifty-two week low of $3.26 and a fifty-two week high of $5.90. 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 firm’s 50 day moving average price is $4.98 and its 200 day moving average price is $4.84.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.05). Birchcliff Energy had a return on equity of 3.17% and a net margin of 10.60%.The business had revenue of $107.43 million during the quarter, compared to analyst estimates of $111.85 million.

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.