Birchcliff Energy (BIR) Given Average Rating at GMP Securities

Birchcliff Energy (TSE:BIR)‘s stock had its “average” rating reaffirmed by research analysts at GMP Securities in a research note issued on Thursday, AnalystRatings.com reports. They currently have a C$6.75 price target on the oil and natural gas company’s stock. GMP Securities’ price objective suggests a potential upside of 74.87% from the stock’s current price.

Several other analysts have also issued reports on the stock. Haywood Securities reduced their price target on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research report on Thursday, January 17th. National Bank Financial increased their price target on shares of Birchcliff Energy from C$6.00 to C$6.75 and gave the stock an “outperform” rating in a research report on Thursday, February 14th. Eight Capital increased their price target on shares of Birchcliff Energy from C$4.50 to C$4.75 in a research report on Thursday, February 14th. BMO Capital Markets increased their price target on shares of Birchcliff Energy from C$4.00 to C$4.25 and gave the stock a “market perform” rating in a research report on Thursday, February 14th. Finally, Raymond James raised their target price on shares of Birchcliff Energy from C$4.60 to C$5.00 in a research report on Friday, February 15th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of C$6.29.

Shares of BIR traded up C$0.25 during mid-day trading on Thursday, hitting C$3.86. 3,277,086 shares of the company’s stock were exchanged, compared to its average volume of 783,422. Birchcliff Energy has a 52 week low of C$2.57 and a 52 week high of C$5.45. The stock has a market capitalization of $959.94 million and a PE ratio of 10.46. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 36.89.



Birchcliff Energy (TSE:BIR) last announced its earnings results on Wednesday, February 13th. The oil and natural gas company reported C$0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.13 by C$0.14. The business had revenue of C$154.72 million for the quarter, compared to the consensus estimate of C$174.00 million. Equities research analysts predict that Birchcliff Energy will post 0.32 earnings per share for the current fiscal year.

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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Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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