Birchcliff Energy Ltd. (TSE:BIR) has earned a consensus recommendation of “Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$8.14.
BIR has been the subject of several recent research reports. Raymond James Financial dropped their price target on Birchcliff Energy from C$10.00 to C$9.50 and set an “outperform” rating for the company in a research report on Thursday, November 9th. National Bank Financial decreased their price objective on shares of 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. CIBC decreased their price objective on shares of Birchcliff Energy from C$7.50 to C$6.00 in a research note on Tuesday, January 23rd. BMO Capital Markets downgraded shares of Birchcliff Energy from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$7.50 to C$4.00 in a research note on Thursday, January 11th. Finally, Royal Bank of Canada decreased their price objective on shares of Birchcliff Energy from C$7.00 to C$5.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th.
Birchcliff Energy (TSE BIR) traded up C$0.06 on Friday, reaching C$3.01. The company had a trading volume of 2,257,800 shares, compared to its average volume of 2,352,519. The stock has a market capitalization of $783.13, a price-to-earnings ratio of -12.04 and a beta of 0.26. Birchcliff Energy has a 12 month low of C$2.90 and a 12 month high of C$8.17.
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About Birchcliff Energy
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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