Birchcliff Energy (OTCMKTS:BIREF) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Birchcliff Energy (OTCMKTS:BIREF) issued its quarterly earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02), Zacks reports. Birchcliff Energy had a return on equity of 3.08% and a net margin of 9.45%.

Birchcliff Energy Stock Down 0.7%

Shares of BIREF traded down $0.03 during trading hours on Wednesday, reaching $4.58. The company’s stock had a trading volume of 145,063 shares, compared to its average volume of 106,429. The company has a 50 day moving average of $4.54 and a two-hundred day moving average of $4.81. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 26.94 and a beta of 0.18. Birchcliff Energy has a 1-year low of $4.07 and a 1-year high of $5.90.

Analysts Set New Price Targets

Separately, Scotiabank upgraded shares of Birchcliff Energy to a “hold” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company 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.