Birchcliff Energy (OTCMKTS:BIREF) Stock Rating Upgraded by Atb Cap Markets

Key Points

• Birchcliff Energy's stock rating was upgraded by Atb Cap Markets from "hold" to a "strong-buy" based on recent analyst reports.
• The company reported quarterly earnings showing a loss of $0.04 EPS, which was below the consensus estimate of $0.08, with revenue of $123.78 million.
• Birchcliff Energy's current market capitalization stands at $1.24 billion, with a debt-to-equity ratio of 0.23 and a strong buy rating from multiple analysts.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) was upgraded by equities research analysts at Atb Cap Markets from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the company. ATB Capital upgraded Birchcliff Energy to an "outperform" rating in a research note on Thursday. National Bankshares reissued an "outperform" rating on shares of Birchcliff Energy in a report on Thursday, May 15th. Finally, Raymond James Financial raised shares of Birchcliff Energy from a "hold" rating to a "moderate buy" rating in a report on Thursday. Three analysts have rated the stock with a buy rating and seven have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Strong Buy".

Birchcliff Energy Trading Up 1.6%

OTCMKTS:BIREF opened at $4.56 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 24.00 and a beta of 0.59. Birchcliff Energy has a one year low of $3.15 and a one year high of $5.71. The business has a fifty day moving average price of $5.09 and a 200-day moving average price of $4.55.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). The company had revenue of $123.78 million during the quarter, compared to analysts' expectations of $131.37 million. Birchcliff Energy had a return on equity of 3.35% and a net margin of 11.60%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.

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