Birchcliff Energy (TSE:BIR – Get Free Report) had its target price lifted by equities research analysts at BMO Capital Markets from C$6.00 to C$6.50 in a research report issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 3.34% from the stock’s previous close.
BIR has been the topic of several other research reports. Canaccord Genuity Group upped their price objective on shares of Birchcliff Energy from C$5.50 to C$6.00 and gave the company a “hold” rating in a research note on Wednesday, June 5th. CIBC increased their price target on shares of Birchcliff Energy from C$5.00 to C$5.75 in a research note on Thursday, March 14th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$6.53.
Read Our Latest Report on Birchcliff Energy
Birchcliff Energy Stock Up 4.7 %
Birchcliff Energy (TSE:BIR – Get Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The oil and natural gas company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.05). The business had revenue of C$163.30 million during the quarter. Birchcliff Energy had a net margin of 5.57% and a return on equity of 1.65%. As a group, research analysts expect that Birchcliff Energy will post 0.0911973 EPS for the current fiscal year.
Insider Activity at Birchcliff Energy
In other Birchcliff Energy news, Senior Officer Robyn Bourgeois sold 33,333 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$6.22, for a total transaction of C$207,404.59. 1.56% of the stock is currently owned by insiders.
Birchcliff Energy Company Profile
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.
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