Birchcliff Energy (BIR) Price Target Cut to C$9.50 by Analysts at Raymond James Financial

Birchcliff Energy (TSE:BIR) had its price target trimmed by Raymond James Financial from C$10.00 to C$9.50 in a report issued on Thursday, November 9th. The brokerage currently has an outperform rating on the oil and natural gas company’s stock.

BIR has been the subject of a number of other research reports. Laurentian cut their target price on Birchcliff Energy from C$10.00 to C$9.00 in a research report on Friday, October 6th. Laurentian Bank of Canada increased their target price on Birchcliff Energy from C$9.00 to C$10.00 in a research report on Friday, October 6th. National Bank Financial dropped their price target on Birchcliff Energy from C$10.00 to C$9.25 and set an outperform rating for the company in a research note on Wednesday, August 2nd. Finally, Royal Bank Of Canada increased their price target on Birchcliff Energy from C$9.00 to C$11.00 in a research note on Thursday, July 20th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of C$11.05.

Shares of Birchcliff Energy (BIR) traded down C$0.06 during trading hours on Thursday, hitting C$4.71. The stock had a trading volume of 1,599,871 shares, compared to its average volume of 1,199,397. Birchcliff Energy has a 1 year low of C$4.69 and a 1 year high of C$10.50.

In other Birchcliff Energy news, insider Myles Bosman bought 5,700 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were purchased at an average cost of C$5.56 per share, for a total transaction of C$31,692.00. Insiders have acquired a total of 15,900 shares of company stock worth $89,231 over the last 90 days.

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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.

Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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