Birchcliff Energy (TSE:BIR) had its price objective decreased by equities researchers at CIBC from C$7.50 to C$6.00 in a research note issued on Tuesday. CIBC’s price target indicates a potential upside of 64.38% from the stock’s previous close.
BIR has been the subject of several other reports. Raymond James Financial dropped their target price on Birchcliff Energy from C$10.00 to C$9.50 and set an “outperform” rating for the company in a research note on Thursday, November 9th. Laurentian dropped their target price on Birchcliff Energy from C$10.00 to C$9.00 in a research note on Friday, October 6th. National Bank Financial dropped their target price on Birchcliff Energy from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research note on Tuesday, January 9th. BMO Capital Markets lowered Birchcliff Energy from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$7.50 to C$4.00 in a research note on Thursday, January 11th. Finally, Laurentian Bank of Canada upped their target price on Birchcliff Energy from C$9.00 to C$10.00 in a research note on Friday, October 6th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$9.33.
Birchcliff Energy (TSE:BIR) traded up C$0.31 during trading on Tuesday, reaching C$3.65. The company had a trading volume of 3,210,000 shares, compared to its average volume of 2,220,000. The firm has a market capitalization of $966.72, a price-to-earnings ratio of -14.60 and a beta of 0.39. Birchcliff Energy has a 52-week low of C$3.16 and a 52-week high of C$8.88.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.
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