Birchcliff Energy (BIREF) Projected to Post Earnings on Thursday

Birchcliff Energy (OTCMKTS:BIREF) is expected to post its results after the market closes on Thursday, November 12th. Analysts expect the company to announce earnings of $0.0328 per share and revenue of $127.18 million for the quarter.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Birchcliff Energy had a net margin of 12.93% and a return on equity of 4.23%. The company had revenue of $124.98 million for the quarter, compared to analysts’ expectations of $121.83 million. On average, analysts expect Birchcliff Energy to post $0.33 EPS for the current fiscal year and $0.39 EPS for the next fiscal year.

Birchcliff Energy Stock Down 2.2%

Birchcliff Energy stock opened at $4.93 on Thursday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 20.16 and a beta of 0.30. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $4.68 and a two-hundred day moving average of $4.77. Birchcliff Energy has a twelve month low of $4.11 and a twelve month high of $5.90.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BIREF shares. Raymond James Financial downgraded Birchcliff Energy from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 16th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Birchcliff Energy in a research note on Friday, October 9th. Four research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has an average rating of “Hold”.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd. was a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focused on developing conventional and unconventional petroleum resources in the Western Canadian Sedimentary Basin, with its operations concentrated in Alberta’s Peace River Arch area.

Birchcliff’s primary products included natural gas, crude oil and natural gas liquids. Its core assets included the Montney and Doig formations near Grande Prairie, where the company used horizontal drilling and hydraulic fracturing to develop liquids-rich natural gas resources.