Birchcliff Energy (OTCMKTS:BIREF) Shares Gap Up – Should You Buy?

Birchcliff Energy Ltd. (OTCMKTS:BIREF)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $4.2299, but opened at $4.48. Birchcliff Energy shares last traded at $4.23, with a volume of 12,455 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce lowered shares of Birchcliff Energy to a “neutral” rating in a research note on Thursday, January 15th. BMO Capital Markets lowered shares of Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One equities research 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Birchcliff Energy Trading Up 0.9%

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $1.18 billion, a PE ratio of 26.75 and a beta of 0.43. The company’s fifty day simple moving average is $4.99 and its 200-day simple moving average is $5.03.

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

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.