Birchcliff Energy (OTCMKTS:BIREF) Shares Up 9.3% – Still a Buy?

Birchcliff Energy Ltd. (OTCMKTS:BIREF)’s stock price was up 9.3% during trading on Monday . The company traded as high as $5.06 and last traded at $5.06. Approximately 41,134 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 97,875 shares. The stock had previously closed at $4.63.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets cut Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Birchcliff Energy has a consensus rating of “Moderate Buy”.

Birchcliff Energy Trading Up 1.5%

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 stock’s 50 day moving average price is $4.69 and its 200-day moving average price is $5.07. The stock has a market capitalization of $1.33 billion, a PE ratio of 28.48 and a beta of 0.20.

Birchcliff Energy (OTCMKTS:BIREF) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. The business had revenue of $158.68 million during the quarter, compared to the consensus estimate of $156.21 million. Birchcliff Energy had a net margin of 9.45% and a return on equity of 3.11%.

About Birchcliff Energy

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.