Birchcliff Energy (OTCMKTS:BIREF) Shares Gap Down – Should You Sell?

Birchcliff Energy Ltd. (OTCMKTS:BIREF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $4.9550, but opened at $4.55. Birchcliff Energy shares last traded at $4.57, with a volume of 5,608 shares changing hands.

Analyst Upgrades and Downgrades

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

Birchcliff Energy Stock Down 1.0%

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 company’s fifty day moving average is $4.84 and its 200-day moving average is $5.08. The company has a market cap of $1.27 billion, a PE ratio of 27.03 and a beta of 0.21.

Birchcliff Energy (OTCMKTS:BIREF) last issued its earnings results on Wednesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. Birchcliff Energy had a net margin of 9.45% and a return on equity of 3.11%. The company had revenue of $158.68 million for the quarter, compared to analysts’ expectations of $156.21 million.

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.