TD Securities Lowers Birchcliff Energy (TSE:BIR) Price Target to C$5.00

Birchcliff Energy (TSE:BIR) had its price objective cut by research analysts at TD Securities from C$5.50 to C$5.00 in a research report issued on Tuesday, BayStreet.CA reports. TD Securities’ price objective points to a potential downside of 13.34% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Cormark raised Birchcliff Energy to a “strong-buy” rating in a report on Monday, September 23rd. Scotiabank lifted their target price on Birchcliff Energy from C$7.00 to C$7.50 in a report on Friday, July 12th. National Bankshares cut their target price on Birchcliff Energy from C$6.50 to C$6.00 in a report on Friday. BMO Capital Markets lifted their target price on Birchcliff Energy from C$6.00 to C$6.50 in a report on Wednesday, July 3rd. Finally, Canaccord Genuity Group lifted their target price on Birchcliff Energy from C$6.00 to C$6.50 in a report on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Birchcliff Energy currently has a consensus rating of “Hold” and an average target price of C$6.58.

Birchcliff Energy Price Performance

Shares of BIR traded up C$0.07 during midday trading on Tuesday, hitting C$5.77. The company’s stock had a trading volume of 440,761 shares, compared to its average volume of 1,306,511. Birchcliff Energy has a one year low of C$4.61 and a one year high of C$8.11. The company’s fifty day simple moving average is C$5.85 and its two-hundred day simple moving average is C$5.80. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26. The stock has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 36.06, a price-to-earnings-growth ratio of 0.35 and a beta of 1.95.

Birchcliff Energy (TSE:BIR) last released its quarterly earnings data on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share for the quarter, beating the consensus estimate of C($0.01) by C$0.18. Birchcliff Energy had a return on equity of 1.81% and a net margin of 6.24%. The company had revenue of C$146.98 million for the quarter. As a group, equities analysts expect that Birchcliff Energy will post 0.106975 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Hue Tran sold 30,000 shares of the business’s stock in a transaction dated Thursday, July 4th. The stock was sold at an average price of C$6.32, for a total value of C$189,609.00. 1.55% of the stock is owned by company 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.