National Bankshares Lowers Birchcliff Energy (TSE:BIR) Price Target to C$6.00

Birchcliff Energy (TSE:BIR) had its price target dropped by equities research analysts at National Bankshares from C$6.50 to C$6.00 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 8.11% from the company’s previous close.

A number of other research firms have also commented on BIR. Canaccord Genuity Group lifted their price objective on Birchcliff Energy from C$6.00 to C$6.50 in a research note on Thursday, August 15th. BMO Capital Markets boosted their price target on shares of Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd. Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Scotiabank boosted their target price on shares of Birchcliff Energy from C$7.00 to C$7.50 in a report on Friday, July 12th. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$6.63.

Birchcliff Energy Stock Performance

Birchcliff Energy stock opened at C$5.55 on Friday. The business has a 50 day moving average of C$5.86 and a 200-day moving average of C$5.80. The company has a market capitalization of C$1.49 billion, a P/E ratio of 34.69, a P/E/G ratio of 0.35 and a beta of 1.95. Birchcliff Energy has a 1 year low of C$4.61 and a 1 year high of C$8.11. The company has a debt-to-equity ratio of 22.26, a current ratio of 1.52 and a quick ratio of 0.97.

Birchcliff Energy (TSE:BIR) last announced its earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.01) by C$0.18. The business had revenue of C$146.98 million during the quarter. Birchcliff Energy had a return on equity of 1.81% and a net margin of 6.24%. On average, equities research analysts predict that Birchcliff Energy will post 0.106975 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Hue Tran sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, July 4th. The stock was sold at an average price of C$6.32, for a total transaction of C$189,609.00. 1.55% of the stock is currently owned by company insiders.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.