Birchcliff Energy Ltd. (OTCMKTS:BIREF) Given Average Rating of "Buy" by Brokerages

Key Points

• Analyst consensus: Five brokerages give Birchcliff an average rating of "Buy" (1 hold, 3 buy, 1 strong buy), with recent moves including CIBC lowering to neutral and BMO upgrading to outperform.
• Recent performance and fundamentals: BIREF opened at $5.82 with a 52‑week range of $3.65–$5.90, a market cap of $1.60B and a P/E of 36.38; last quarter EPS was $0.07 (in line) and revenue $141.66M (beat $138.97M), with low leverage (debt/equity 0.24) and current/quick ratios of 1.23.

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) have been assigned an average recommendation of "Buy" from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company.

Several research analysts have weighed in on the company. Canadian Imperial Bank of Commerce lowered Birchcliff Energy to a "neutral" rating in a research report on Thursday, January 15th. BMO Capital Markets upgraded Birchcliff Energy from a "hold" rating to an "outperform" rating in a report on Monday, December 15th.

Birchcliff Energy Stock Performance

BIREF stock opened at $5.82 on Wednesday. The firm has a 50 day simple moving average of $5.19 and a 200 day simple moving average of $4.97. Birchcliff Energy has a 52 week low of $3.65 and a 52 week high of $5.90. The stock has a market cap of $1.60 billion, a P/E ratio of 36.38 and a beta of 0.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.23 and a current ratio of 1.23.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.