Birchcliff Energy (TSE:BIR – Get Free Report) had its target price increased by stock analysts at Canaccord Genuity Group from C$6.00 to C$6.50 in a note issued to investors on Thursday, BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 1.72% from the company’s previous close.
Other research analysts have also issued research reports about the company. BMO Capital Markets lifted their price target on Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd. Scotiabank upped their target price on Birchcliff Energy from C$7.00 to C$7.50 in a research note on Friday, July 12th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$6.68.
Birchcliff Energy Stock Up 3.4 %
Birchcliff Energy (TSE:BIR – Get Free Report) last released its quarterly earnings results on Wednesday, May 15th. The oil and natural gas company reported C($0.06) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.05). The firm had revenue of C$163.30 million for the quarter. Birchcliff Energy had a return on equity of 1.65% and a net margin of 5.57%. Research analysts predict that Birchcliff Energy will post 0.1198565 EPS for the current fiscal year.
Insider Activity at Birchcliff Energy
In related news, Senior Officer Hue Tran sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 4th. The stock was sold at an average price of C$6.32, for a total value of C$189,609.00. In related news, Senior Officer Hue Tran sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 4th. The stock was sold at an average price of C$6.32, for a total value of C$189,609.00. Also, Senior Officer Robyn Bourgeois sold 33,333 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$6.22, for a total value of C$207,404.59. 1.55% of the stock is owned by insiders.
About Birchcliff Energy
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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