TD Securities Upgrades Birchcliff Energy (OTCMKTS:BIREF) to “Strong-Buy”

Birchcliff Energy (OTCMKTS:BIREF) was upgraded by investment analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other brokerages also recently issued reports on BIREF. Scotiabank raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday.

Birchcliff Energy Trading Up 0.5 %

OTCMKTS:BIREF opened at $4.25 on Thursday. The company has a market capitalization of $1.15 billion, a P/E ratio of 106.28 and a beta of 0.62. The stock’s 50 day moving average price is $3.74 and its 200 day moving average price is $4.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. Birchcliff Energy has a 52 week low of $3.15 and a 52 week high of $4.83.

About Birchcliff Energy

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.