Birchcliff Energy (BIREF) Projected to Post Quarterly Earnings on Wednesday

Birchcliff Energy (OTCMKTS:BIREF) is projected to issue its resultson Wednesday, August 12th. Analysts expect the company to announce earnings of $0.0563 per share and revenue of $121.8350 million for the quarter.

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

Birchcliff Energy Price Performance

Shares of OTCMKTS BIREF opened at $4.42 on Wednesday. Birchcliff Energy has a twelve month low of $4.07 and a twelve month high of $5.90. 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 company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 26.03 and a beta of 0.18. The business has a 50 day simple moving average of $4.56 and a 200-day simple moving average of $4.83.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BIREF shares. BMO Capital Markets lowered shares of Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Scotiabank upgraded shares of Birchcliff Energy to a “hold” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently 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.