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.
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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.
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