Birchcliff Energy (OTCMKTS:BIREF) Upgraded at Atb Cap Markets

Birchcliff Energy (OTCMKTS:BIREF) was upgraded by investment analysts at Atb Cap Markets from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

A number of other research analysts have also weighed in on BIREF. National Bankshares restated an “outperform” rating on shares of Birchcliff Energy in a report on Thursday, May 15th. ATB Capital raised shares of Birchcliff Energy to an “outperform” rating in a research report on Thursday. Finally, Raymond James Financial raised shares of Birchcliff Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a buy rating and seven have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Birchcliff Energy Price Performance

Shares of OTCMKTS BIREF opened at $4.48 on Thursday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 23.57 and a beta of 0.59. Birchcliff Energy has a 12 month low of $3.15 and a 12 month high of $5.71. The firm’s 50 day simple moving average is $5.08 and its 200-day simple moving average is $4.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.52 and a quick ratio of 1.52.

Birchcliff Energy (OTCMKTS:BIREF) last released its quarterly earnings results on Wednesday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The company had revenue of $123.78 million during the quarter, compared to analyst estimates of $131.37 million. Birchcliff Energy had a net margin of 11.60% and a return on equity of 3.35%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.