Birchcliff Energy (OTCMKTS:BIREF) Issues Quarterly Earnings Results

Birchcliff Energy (OTCMKTS:BIREF) released its earnings results on Wednesday. The company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. Birchcliff Energy had a net margin of 10.60% and a return on equity of 3.17%.

Birchcliff Energy Stock Up 2.3%

Birchcliff Energy stock traded up $0.12 during midday trading on Wednesday, reaching $5.33. The company’s stock had a trading volume of 88,125 shares, compared to its average volume of 150,133. The company has a market cap of $1.46 billion, a P/E ratio of 29.61 and a beta of 0.47. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $5.30 and a 200-day simple moving average of $4.85. Birchcliff Energy has a fifty-two week low of $3.34 and a fifty-two week high of $5.90.

Wall Street Analyst Weigh In

Several research analysts recently commented on BIREF shares. Canadian Imperial Bank of Commerce cut Birchcliff Energy to a “neutral” rating in a research note on Thursday, January 15th. BMO Capital Markets upgraded Birchcliff Energy from a “hold” rating to an “outperform” rating in a research note on Monday, December 15th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

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.