Cormark Weighs in on Birchcliff Energy Ltd.’s Q1 2020 Earnings (TSE:BIR)

Birchcliff Energy Ltd. (TSE:BIR) – Cormark reduced their Q1 2020 EPS estimates for Birchcliff Energy in a research report issued to clients and investors on Thursday, February 13th. Cormark analyst G. Ursu now anticipates that the oil and natural gas company will earn $0.00 per share for the quarter, down from their previous estimate of $0.03. Cormark also issued estimates for Birchcliff Energy’s Q2 2020 earnings at $0.01 EPS, Q3 2020 earnings at $0.04 EPS, Q4 2020 earnings at $0.06 EPS, FY2021 earnings at $0.25 EPS and FY2022 earnings at $0.28 EPS.

Birchcliff Energy (TSE:BIR) last posted its earnings results on Thursday, November 14th. The oil and natural gas company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.03). The company had revenue of C$130.59 million during the quarter, compared to the consensus estimate of C$145.00 million.

A number of other equities research analysts also recently commented on the company. Laurentian Bank of Canada set a C$5.00 target price on Birchcliff Energy in a research report on Thursday, January 23rd. Tudor Pickering cut Birchcliff Energy from a “hold” rating to a “sell” rating and set a C$1.50 price objective on the stock. in a research note on Thursday, January 23rd. Laurentian set a C$5.00 price objective on Birchcliff Energy in a research note on Thursday, January 23rd. Tudor Pickering & Holt cut Birchcliff Energy from a “hold” rating to a “sell” rating and set a C$1.50 price objective on the stock. in a research note on Thursday, January 23rd. Finally, National Bank Financial reduced their price objective on Birchcliff Energy from C$4.00 to C$3.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$3.86.

TSE:BIR opened at C$1.74 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.38 and a debt-to-equity ratio of 41.06. The company has a market capitalization of $449.43 million and a P/E ratio of 15.26. Birchcliff Energy has a 12 month low of C$1.68 and a 12 month high of C$4.00. The business’s 50-day moving average is C$2.08 and its 200 day moving average is C$2.16.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other assets located in the Peace River Arch area of Alberta.

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