Birchcliff Energy Ltd. (BIR) Receives Consensus Rating of “Buy” from Brokerages

Birchcliff Energy Ltd. (TSE:BIR) has received a consensus rating of “Buy” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$9.93.

Several research firms have weighed in on BIR. BMO Capital Markets lowered Birchcliff Energy from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$7.50 to C$4.00 in a report on Thursday. National Bank Financial lowered their target price on Birchcliff Energy from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a report on Tuesday. Raymond James Financial lowered their target price on Birchcliff Energy from C$10.00 to C$9.50 and set an “outperform” rating on the stock in a report on Thursday, November 9th. Laurentian lowered their target price on Birchcliff Energy from C$10.00 to C$9.00 in a report on Friday, October 6th. Finally, Laurentian Bank of Canada upped their target price on Birchcliff Energy from C$9.00 to C$10.00 in a report on Friday, October 6th.

Birchcliff Energy (TSE BIR) traded down C$0.20 during trading hours on Thursday, reaching C$3.69. The company’s stock had a trading volume of 3,761,747 shares, compared to its average volume of 2,350,783. The stock has a market capitalization of $1,010.00, a PE ratio of -14.76 and a beta of 0.39. Birchcliff Energy has a 1 year low of C$3.67 and a 1 year high of C$8.91.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, January 2nd were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Thursday, December 14th. Birchcliff Energy’s payout ratio is currently -30.00%.

ILLEGAL ACTIVITY NOTICE: “Birchcliff Energy Ltd. (BIR) Receives Consensus Rating of “Buy” from Brokerages” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://stocknewstimes.com/2018/01/11/birchcliff-energy-ltd-bir-receives-consensus-rating-of-buy-from-brokerages.html.

Birchcliff Energy Company Profile

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.

Analyst Recommendations for Birchcliff Energy (TSE:BIR)

Receive News & Ratings for Birchcliff Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Birchcliff Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply