Birchcliff Energy Ltd. (BIR.TO) (TSE:BIR) Stock Rating Upgraded by Tudor Pickering


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Birchcliff Energy Ltd. (BIR.TO) (TSE:BIR) was upgraded by research analysts at Tudor Pickering from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Stock Target Advisor reports. The firm currently has a C$4.00 target price on the oil and natural gas company’s stock, up from their previous target price of C$2.00. Tudor Pickering’s price target indicates a potential upside of 77.78% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. ATB Capital increased their price objective on Birchcliff Energy Ltd. (BIR.TO) from C$2.70 to C$3.00 in a report on Monday. Scotiabank increased their price objective on Birchcliff Energy Ltd. (BIR.TO) from C$3.50 to C$4.00 in a report on Tuesday, October 13th. TD Securities dropped their price objective on Birchcliff Energy Ltd. (BIR.TO) from C$2.75 to C$2.50 and set a “buy” rating for the company in a report on Thursday, January 7th. Tudor Pickering & Holt upgraded Birchcliff Energy Ltd. (BIR.TO) from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$2.00 to C$4.00 in a report on Tuesday. Finally, Royal Bank of Canada increased their price objective on Birchcliff Energy Ltd. (BIR.TO) from C$2.00 to C$2.75 and gave the stock a “sector perform” rating in a report on Friday, November 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Birchcliff Energy Ltd. (BIR.TO) presently has a consensus rating of “Buy” and a consensus target price of C$3.20.

Shares of BIR stock opened at C$2.25 on Tuesday. The stock has a market capitalization of C$598.35 million and a PE ratio of -4.89. Birchcliff Energy Ltd. has a 1-year low of C$0.00 and a 1-year high of C$2.44. The business has a 50-day moving average of C$1.89 and a 200 day moving average of C$1.66. The company has a debt-to-equity ratio of 52.80, a current ratio of 0.39 and a quick ratio of 0.36.

Birchcliff Energy Ltd. (BIR.TO) (TSE:BIR) last released its quarterly earnings data on Thursday, November 12th. The oil and natural gas company reported C($0.07) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.04). The business had revenue of C$142.78 million during the quarter. Analysts anticipate that Birchcliff Energy Ltd. will post 0.27 EPS for the current year.

About Birchcliff Energy Ltd. (BIR.TO)

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 Ltd. (BIR.TO) (TSE:BIR)

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