Birchcliff Energy (OTCMKTS:BIREF) Raised to “Strong-Buy” at Cormark

Birchcliff Energy (OTCMKTS:BIREF) was upgraded by equities research analysts at Cormark to a “strong-buy” rating in a research note issued to investors on Thursday, MarketBeat reports.

A number of other research analysts have also recently weighed in on the company. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. TD Securities raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Scotiabank raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a hold rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Birchcliff Energy Price Performance

Shares of OTCMKTS:BIREF opened at $3.99 on Thursday. Birchcliff Energy has a 1-year low of $3.15 and a 1-year high of $4.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The business has a fifty day moving average price of $3.98 and a 200-day moving average price of $3.91. The company has a market capitalization of $1.08 billion, a PE ratio of 28.50 and a beta of 0.63.

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

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.