National Bank Financial Upgrades Birchcliff Energy (OTCMKTS:BIREF) to Strong-Buy

Birchcliff Energy (OTCMKTS:BIREF) was upgraded by investment analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Scotiabank raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th.

Birchcliff Energy Trading Up 4.4 %

OTCMKTS BIREF opened at $4.23 on Wednesday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 105.75 and a beta of 0.62. The business’s fifty day moving average is $3.71 and its 200-day moving average is $4.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. Birchcliff Energy has a one year low of $3.15 and a one year 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.