Birchcliff Energy (OTCMKTS:BIREF) PT Lowered to C$9.00

Birchcliff Energy (OTCMKTS:BIREF – Get Rating) had its price target decreased by Stifel Nicolaus from C$9.75 to C$9.00 in a research note issued to investors on Thursday, The Fly reports.

Other research analysts have also issued reports about the company. National Bank Financial lowered their target price on Birchcliff Energy from C$13.50 to C$12.00 in a research report on Wednesday, January 11th. CIBC lowered their target price on Birchcliff Energy from C$12.75 to C$10.50 in a research report on Tuesday. TD Securities raised Birchcliff Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 10th. Maxim Group initiated coverage on Birchcliff Energy in a research report on Thursday, December 15th. They set a “buy” rating and a C$14.75 target price for the company. Finally, Raymond James increased their price target on Birchcliff Energy from C$13.00 to C$13.50 in a report on Friday, October 14th.

Birchcliff Energy Stock Up 3.8 %

Shares of BIREF opened at $6.90 on Thursday. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 3.52 and a beta of 1.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.58 and a current ratio of 1.58. Birchcliff Energy has a 52 week low of $4.30 and a 52 week high of $9.96. The stock has a fifty day moving average of $7.14 and a 200-day moving average of $7.54.

Birchcliff Energy (OTCMKTS:BIREF – Get Rating) last announced its earnings results on Wednesday, November 9th. The company reported $0.68 earnings per share (EPS) for the quarter. The business had revenue of $260.29 million during the quarter. Birchcliff Energy had a return on equity of 32.71% and a net margin of 52.78%.

Birchcliff Energy Company Profile

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Birchcliff Energy Ltd., an intermediate oil and natural gas company, acquires, explores for, develops, and produces natural gas, light oil, condensate, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play located approximately 95 km northwest of Grande Prairie, Alberta.