Birchcliff Energy Ltd. to Post Q2 2019 Earnings of $0.03 Per Share, Beacon Securities Forecasts (BIR)

Birchcliff Energy Ltd. (TSE:BIR) – Beacon Securities issued their Q2 2019 earnings per share (EPS) estimates for Birchcliff Energy in a research report issued on Thursday, May 16th. Beacon Securities analyst L. Dunkley anticipates that the oil and natural gas company will post earnings of $0.03 per share for the quarter. Beacon Securities also issued estimates for Birchcliff Energy’s Q3 2019 earnings at $0.05 EPS, Q4 2019 earnings at $0.08 EPS, Q1 2020 earnings at $0.11 EPS, Q2 2020 earnings at $0.08 EPS, Q3 2020 earnings at $0.08 EPS, Q4 2020 earnings at $0.10 EPS and FY2020 earnings at $0.38 EPS.

A number of other research analysts also recently issued reports on the company. Eight Capital boosted their price target on Birchcliff Energy from C$4.50 to C$4.75 in a report on Thursday, February 14th. TD Securities reduced their price target on Birchcliff Energy from C$7.50 to C$7.00 and set an “action list buy” rating on the stock in a report on Friday, February 15th. Canaccord Genuity boosted their price target on Birchcliff Energy from C$4.25 to C$5.50 in a report on Tuesday, April 9th. Raymond James boosted their price target on Birchcliff Energy from C$4.60 to C$5.00 in a report on Friday, February 15th. Finally, National Bank Financial boosted their price target on Birchcliff Energy from C$6.00 to C$6.75 and gave the company an “outperform” rating in a report on Thursday, February 14th. Two 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 company presently has a consensus rating of “Buy” and a consensus target price of C$6.29.



Shares of TSE:BIR opened at C$3.90 on Monday. Birchcliff Energy has a 1 year low of C$2.57 and a 1 year high of C$5.45. The stock has a market cap of $1.04 billion and a P/E ratio of 10.57. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 36.89.

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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Earnings History and Estimates for Birchcliff Energy (TSE:BIR)

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