Birchcliff Energy (OTCMKTS:BIREF) Shares Gap Down – What’s Next?
by Renee Jackson · The Cerbat GemBirchcliff Energy Ltd. (OTCMKTS:BIREF – Get Free Report) shares gapped down prior to trading 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.
Analyst Ratings Changes
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 investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
View Our Latest Research Report on Birchcliff Energy
Birchcliff Energy Trading Down 1.0%
The firm has a market cap of $1.27 billion, a PE ratio of 27.03 and a beta of 0.21. 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 stock’s fifty day simple moving average is $4.84 and its two-hundred day simple moving average is $5.08.
Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. Birchcliff Energy had a net margin of 9.45% and a return on equity of 3.11%. The business had revenue of $158.68 million for the quarter, compared to analysts’ expectations of $156.21 million.
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.