Birchcliff Energy (OTCMKTS:BIREF) Rating Increased to Strong-Buy at Cibc World Mkts

Birchcliff Energy (OTCMKTS:BIREF) was upgraded by analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also recently issued reports on BIREF. National Bank Financial upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. TD Securities raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Canaccord Genuity Group raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Scotiabank raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. Finally, Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a report on Thursday. Six research analysts have rated the stock with a strong buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Birchcliff Energy Stock Performance

Shares of BIREF opened at $3.99 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. Birchcliff Energy has a 12 month low of $3.15 and a 12 month high of $4.83. The firm has a fifty day simple moving average of $3.98 and a 200 day simple moving average of $3.91. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 28.50 and a beta of 0.63.

Birchcliff Energy (OTCMKTS:BIREF) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 earnings per share for the quarter. Birchcliff Energy had a return on equity of 2.49% and a net margin of 9.39%.

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.