Birchcliff Energy (BIREF) to Release Earnings on Wednesday

Key Points

• Birchcliff Energy will report quarterly results on Wednesday, May 13, with analysts forecasting earnings of $0.1393 per share and revenue of about $156.21 million.
• In the prior quarter (reported Feb. 11) Birchcliff posted EPS of $0.07 (in line with estimates) and revenue of $141.66 million (above estimates); the stock recently opened at $4.85, has a market cap of $1.34 billion and a 52-week range of $4.07–$5.90.
• Analyst coverage is mixed — one Strong Buy, two Buy and two Hold — giving a consensus rating of Moderate Buy, though CIBC and BMO have moved to more cautious ratings recently.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) is anticipated to post 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 - Get Free Report) last released its earnings results on Wednesday, February 11th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $141.66 million for 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 Stock Performance

Shares of Birchcliff Energy stock opened at $4.85 on Wednesday. The stock's fifty day moving average is $4.92 and its two-hundred day moving average is $5.05. The company has a market capitalization of $1.34 billion, a PE ratio of 30.31 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. Birchcliff Energy has a 52 week low of $4.07 and a 52 week high of $5.90.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce downgraded Birchcliff Energy to a "neutral" rating in a research report on Thursday, January 15th. BMO Capital Markets downgraded Birchcliff Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Birchcliff Energy currently has a consensus rating of "Moderate Buy".

About Birchcliff Energy

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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