Birchcliff Energy (TSE:BIR) Stock Price Expected to Rise, CIBC Analyst Says

Birchcliff Energy (TSE:BIR) had its price objective boosted by investment analysts at CIBC from C$5.75 to C$6.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 3.63% from the company’s previous close.

Several other research analysts have also commented on the stock. Canaccord Genuity Group cut their price target on shares of Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. Scotiabank upgraded shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a report on Friday. National Bankshares dropped their price objective on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, TD Securities dropped their price objective on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.59.

Birchcliff Energy Trading Up 3.4 %

TSE BIR opened at C$5.79 on Friday. Birchcliff Energy has a one year low of C$4.53 and a one year high of C$6.54. The company’s 50 day moving average price is C$5.25 and its 200 day moving average price is C$5.61. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52. The firm has a market capitalization of C$1.56 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 0.35 and a beta of 1.93.

Insider Transactions at Birchcliff Energy

In other Birchcliff Energy news, Director Aaron Jeffery Tonken sold 200,000 shares of Birchcliff Energy stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$5.53, for a total value of C$1,106,000.00. Also, Senior Officer Hue Tran sold 31,400 shares of Birchcliff Energy stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$5.02, for a total transaction of C$157,628.00. Over the last quarter, insiders sold 260,000 shares of company stock valued at $1,409,488. 1.55% of the stock is currently owned by corporate insiders.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure.