Cibc World Mkts Upgrades Birchcliff Energy (OTCMKTS:BIREF) to “Strong-Buy”

Birchcliff Energy (OTCMKTS:BIREF) was upgraded by research analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. TD Securities upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a report on Thursday. Canaccord Genuity Group upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday. Scotiabank raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Finally, National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Six investment analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, Birchcliff Energy has an average rating of “Strong Buy”.

Birchcliff Energy Price Performance

Shares of BIREF stock opened at $3.99 on Thursday. The firm’s 50 day moving average price is $3.98 and its two-hundred day moving average price is $3.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $1.08 billion, a PE ratio of 28.50 and a beta of 0.63. Birchcliff Energy has a 52-week low of $3.15 and a 52-week high of $4.83.

Birchcliff Energy (OTCMKTS:BIREF) last released its earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share for the quarter. Birchcliff Energy had a return on equity of 2.49% and a net margin of 9.39%.

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.