Birchcliff Energy (OTCMKTS:BIREF) Rating Increased to Strong-Buy at Canaccord Genuity Group

Birchcliff Energy (OTCMKTS:BIREFGet Free Report) was upgraded by Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

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

Read Our Latest Research Report on BIREF

Birchcliff Energy Stock Performance

OTCMKTS BIREF opened at $3.99 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $1.08 billion, a PE ratio of 28.50 and a beta of 0.63. Birchcliff Energy has a 52-week low of $3.15 and a 52-week high of $4.83. The company has a 50-day simple moving average of $3.98 and a 200 day simple moving average of $3.91.

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

About Birchcliff Energy

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Birchcliff Energy (OTCMKTS:BIREF)

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