Birchcliff Energy Ltd. (TSE:BIR) has received a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$11.69.
Several equities analysts have issued reports on the stock. National Bank Financial decreased their price objective on shares of Birchcliff Energy from C$10.00 to C$9.25 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. Raymond James Financial, Inc. increased their price objective on shares of Birchcliff Energy from C$9.75 to C$10.25 and gave the company an “outperform” rating in a report on Friday, August 11th. Finally, Royal Bank Of Canada increased their price objective on shares of Birchcliff Energy from C$9.00 to C$11.00 in a report on Thursday, July 20th.
In other Birchcliff Energy news, insider Christopher Andrew Carlsen bought 4,100 shares of Birchcliff Energy stock in a transaction dated Wednesday, May 31st. The stock was acquired at an average cost of C$6.36 per share, for a total transaction of C$26,076.00. Insiders bought 9,900 shares of company stock valued at $60,128 over the last quarter.
Birchcliff Energy (TSE:BIR) opened at 5.89 on Friday. Birchcliff Energy has a 12 month low of $5.33 and a 12 month high of $10.50. The stock has a market capitalization of $1.56 billion and a price-to-earnings ratio of 27.40. The company has a 50-day moving average of $5.91 and a 200 day moving average of $6.62.
About Birchcliff Energy
Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.
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