Birchcliff Energy (BIREF) to Post Quarterly Earnings on Wednesday

Birchcliff Energy (OTCMKTS:BIREF) will likely be issuing its resultson Wednesday, August 12th. Analysts expect the company to post earnings of $0.0563 per share and revenue of $121.8350 million for the quarter.

Birchcliff Energy (OTCMKTS:BIREF) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $158.68 million for the quarter, compared to analysts’ expectations of $156.21 million. Birchcliff Energy had a return on equity of 3.08% and a net margin of 9.45%.

Birchcliff Energy Stock Performance

Shares of OTCMKTS BIREF opened at $4.42 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $4.56 and a 200-day simple moving average of $4.83. The company has a market cap of $1.21 billion, a PE ratio of 26.03 and a beta of 0.18. Birchcliff Energy has a 12-month low of $4.07 and a 12-month high of $5.90.

Analyst Ratings Changes

Several analysts recently commented on BIREF shares. BMO Capital Markets cut Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Scotiabank raised Birchcliff Energy to a “hold” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate 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.