Birchcliff Energy (TSE:BIR) Price Target Raised to C$5.50

Birchcliff Energy (TSE:BIR) had its price objective lifted by BMO Capital Markets from C$5.25 to C$5.50 in a research note issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 3.19% from the stock’s current price.

BIR has been the subject of a number of other reports. TD Securities decreased their target price on Birchcliff Energy from C$6.00 to C$5.50 and set a “hold” rating for the company in a research report on Thursday, January 18th. ATB Capital dropped their target price on shares of Birchcliff Energy from C$8.00 to C$7.50 in a report on Thursday, February 15th. Royal Bank of Canada reduced their price target on shares of Birchcliff Energy from C$8.00 to C$7.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Canaccord Genuity Group dropped their price objective on shares of Birchcliff Energy from C$5.50 to C$5.25 and set a “hold” rating on the stock in a research note on Thursday, February 15th. Finally, National Bankshares lowered Birchcliff Energy from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$9.25 to C$6.50 in a report on Wednesday, January 10th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$6.75.

Birchcliff Energy Trading Up 0.4 %

Shares of BIR stock traded up C$0.02 on Thursday, reaching C$5.33. 653,551 shares of the company’s stock were exchanged, compared to its average volume of 1,652,864. The company’s fifty day simple moving average is C$5.26 and its 200 day simple moving average is C$6.36. The stock has a market capitalization of C$1.43 billion, a PE ratio of 133.25, a P/E/G ratio of 0.35 and a beta of 2.04. The company has a current ratio of 0.91, a quick ratio of 0.97 and a debt-to-equity ratio of 17.29. Birchcliff Energy has a 52 week low of C$4.61 and a 52 week high of C$8.68.

Birchcliff Energy (TSE:BIR) last released its earnings results on Wednesday, February 14th. The oil and natural gas company reported C($0.02) earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.09). The business had revenue of C$183.30 million for the quarter. Birchcliff Energy had a return on equity of 0.42% and a net margin of 1.40%. As a group, analysts forecast that Birchcliff Energy will post 0.0900794 EPS for the current year.

Insider Activity

In other news, Senior Officer Christopher Andrew Carlsen sold 200,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of C$5.00, for a total value of C$1,000,000.00. Corporate insiders own 1.50% of the company’s stock.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, acquires, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play located approximately 95 km northwest of Grande Prairie, Alberta.