Birchcliff Energy (OTCMKTS:BIREF) Stock Rating Lowered by BMO Capital Markets

Key Points

• BMO Capital Markets downgraded Birchcliff Energy from a "strong-buy" to a "hold" and Canadian Imperial Bank of Commerce cut its rating to "neutral," while analyst consensus remains a Moderate Buy.
• The stock opened at $4.71 (down about 1.9%), with a market cap of $1.29 billion, a P/E of 29.44, and 50-/200-day moving averages of $5.20 and $5.03 respectively.
• In the most recent quarter Birchcliff reported $0.07 EPS (meeting estimates) and revenue of $141.66 million (above estimates), with a net margin of 8.86% and ROE of 2.81%.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) was downgraded by BMO Capital Markets from a "strong-buy" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Canadian Imperial Bank of Commerce lowered shares of Birchcliff Energy to a "neutral" rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Birchcliff Energy Trading Down 1.9%

Shares of OTCMKTS:BIREF opened at $4.71 on Tuesday. The company has a 50 day moving average of $5.20 and a 200-day moving average of $5.03. The firm has a market cap of $1.29 billion, a P/E ratio of 29.44 and a beta of 0.43. Birchcliff Energy has a twelve month low of $3.65 and a twelve month high of $5.90. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.07 earnings per share for the quarter, hitting analysts' consensus estimates of $0.07. The company had revenue of $141.66 million during the quarter, compared to analyst estimates 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.

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