Birchcliff Energy Ltd. (TSE:BIR) – Equities research analysts at Cormark decreased their FY2019 earnings per share (EPS) estimates for Birchcliff Energy in a note issued to investors on Thursday, May 16th. Cormark analyst G. Ursu now anticipates that the oil and natural gas company will post earnings per share of $0.28 for the year, down from their previous forecast of $0.33. Cormark also issued estimates for Birchcliff Energy’s Q1 2020 earnings at $0.14 EPS, Q3 2020 earnings at $0.07 EPS and Q4 2020 earnings at $0.09 EPS.
Other equities research analysts have also recently issued reports about the company. GMP Securities reiterated an “average” rating and set a C$6.75 target price on shares of Birchcliff Energy in a research note on Thursday. Raymond James lifted their target price on Birchcliff Energy from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research note on Thursday. Eight Capital lifted their target price on Birchcliff Energy from C$4.50 to C$4.75 in a research note on Thursday, February 14th. TD Securities lowered their target price on Birchcliff Energy from C$7.50 to C$7.00 and set an “action list buy” rating on the stock in a research note on Friday, February 15th. Finally, BMO Capital Markets lifted their target price on Birchcliff Energy from C$4.00 to C$4.25 and gave the stock a “market perform” rating in a research note on Thursday, February 14th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$6.29.
Birchcliff Energy (TSE:BIR) last released its earnings results on Wednesday, February 13th. The oil and natural gas company reported C$0.27 EPS for the quarter, topping the Zacks’ 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.
Birchcliff Energy Company Profile
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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