Canaccord Genuity Reiterates Buy Rating for Birchcliff Energy (TSE:BIR)

Canaccord Genuity reissued their buy rating on shares of Birchcliff Energy (TSE:BIR) in a research note released on Thursday morning, Stock Target Advisor reports.

Several other equities research analysts have also issued reports on BIR. CIBC reissued an outperform rating and set a C$6.50 price target on shares of Birchcliff Energy in a research report on Friday, August 13th. National Bankshares upped their price target on Birchcliff Energy from C$4.25 to C$6.50 in a research report on Thursday, June 17th. BMO Capital Markets upped their price target on Birchcliff Energy to C$5.50 in a research report on Thursday, August 12th. Royal Bank of Canada upped their price objective on Birchcliff Energy to C$6.00 and gave the stock an outperform rating in a research note on Thursday, August 12th. Finally, National Bank Financial upped their price objective on Birchcliff Energy to C$6.50 and gave the stock an outperform rating in a research note on Thursday, June 17th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of C$5.91.

BIR stock opened at C$6.68 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 45.73. The firm has a market cap of C$1.79 billion and a P/E ratio of 20.00. Birchcliff Energy has a 12-month low of C$1.45 and a 12-month high of C$6.78. The stock’s 50 day simple moving average is C$5.14 and its 200 day simple moving average is C$4.02.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Friday, October 1st will be paid a $0.005 dividend. The ex-dividend date is Tuesday, September 14th. This represents a $0.02 annualized dividend and a dividend yield of 0.30%. Birchcliff Energy’s payout ratio is 5.99%.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, acquires, explores for, develops, and produces natural gas, light oil, condensate, 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.

Further Reading: How Important is Technical Analysis of Stocks

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.