Birchcliff Energy (OTCMKTS:BIREF) Downgraded to Hold Rating by BMO Capital Markets

BMO Capital Markets lowered shares of Birchcliff Energy (OTCMKTS:BIREF) from a strong-buy rating to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

Separately, Canadian Imperial Bank of Commerce lowered shares of Birchcliff Energy to a “neutral” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Birchcliff Energy Price Performance

Shares of OTCMKTS:BIREF opened at $4.71 on Tuesday. Birchcliff Energy has a 12 month low of $3.65 and a 12 month high of $5.90. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 29.44 and a beta of 0.43. The stock’s 50 day moving average price is $5.20 and its 200 day moving average price is $5.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.23 and a quick ratio of 1.23.

Birchcliff Energy (OTCMKTS:BIREF) last announced its earnings results on Wednesday, February 11th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. Birchcliff Energy had a return on equity of 2.81% and a net margin of 8.86%.The firm had revenue of $141.66 million for the quarter, compared to analysts’ expectations of $138.97 million.

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.