Birchcliff Energy (TSE:BIR) PT Set at C$8.00 by National Bankshares

Birchcliff Energy (TSE:BIR) received a C$8.00 price target from equities researchers at National Bankshares in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the oil and natural gas company’s stock. National Bankshares’ price target points to a potential upside of 39.37% from the stock’s previous close.

BIR has been the topic of several other reports. National Bank Financial raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Scotiabank raised shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research report on Friday, January 17th. TD Securities upgraded shares of Birchcliff Energy from a “hold” rating to a “buy” rating and upped their price target for the company from C$5.50 to C$7.00 in a report on Thursday, January 30th. Canaccord Genuity Group decreased their price target on shares of Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. Finally, CIBC upgraded shares of Birchcliff Energy from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$7.00 to C$8.00 in a report on Thursday. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Birchcliff Energy presently has a consensus rating of “Buy” and an average price target of C$7.04.

Birchcliff Energy Trading Up 0.2 %

Birchcliff Energy stock opened at C$5.74 on Thursday. The company has a debt-to-equity ratio of 27.63, a current ratio of 1.01 and a quick ratio of 0.97. The company has a market capitalization of C$1.56 billion, a price-to-earnings ratio of 100.54, a PEG ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a one year low of C$4.53 and a one year high of C$6.54. The company’s fifty day moving average price is C$5.71 and its two-hundred day moving average price is C$5.52.

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.