Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) 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.
Several other research analysts also recently weighed in on BIREF. National Bank Financial upgraded shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. TD Securities upgraded shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Scotiabank upgraded shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 17th. Canaccord Genuity Group upgraded shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th. Finally, Cormark upgraded shares of Birchcliff Energy to a "strong-buy" rating in a research report on Thursday, March 13th. Six analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Strong Buy".
Read Our Latest Report on Birchcliff Energy
Birchcliff Energy Stock Performance
BIREF traded up $0.23 during trading on Thursday, hitting $4.38. The company's stock had a trading volume of 160,648 shares, compared to its average volume of 116,172. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. Birchcliff Energy has a one year low of $3.15 and a one year high of $4.83. The firm has a market cap of $1.19 billion, a PE ratio of 31.29 and a beta of 0.63. The business's 50 day simple moving average is $3.99 and its 200-day simple moving average is $3.90.
Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share 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.
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