Birchcliff Energy (TSE:BIR) PT Lowered to C$13.00

Birchcliff Energy (TSE:BIR – Get Rating) had its target price reduced by equities research analysts at ATB Capital from C$13.50 to C$13.00 in a note issued to investors on Thursday, BayStreet.CA reports. ATB Capital’s price objective would suggest a potential upside of 41.00% from the stock’s previous close.

A number of other research firms also recently commented on BIR. Haywood Securities upped their price objective on Birchcliff Energy from C$14.00 to C$16.00 in a report on Friday, October 14th. Scotiabank cut shares of Birchcliff Energy from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$16.50 to C$13.00 in a report on Tuesday. BMO Capital Markets cut their price target on Birchcliff Energy from C$14.00 to C$13.00 in a report on Tuesday, December 13th. TD Securities upgraded shares of Birchcliff Energy from a “hold” rating to a “buy” rating and decreased their price target for the stock from C$12.50 to C$12.00 in a research report on Thursday, November 10th. Finally, Raymond James decreased their price objective on shares of Birchcliff Energy from C$13.50 to C$12.00 and set an “outperform” rating for the company in a research note on Monday, January 16th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Birchcliff Energy has a consensus rating of “Moderate Buy” and an average price target of C$13.00.

Birchcliff Energy Price Performance

BIR stock opened at C$9.22 on Thursday. Birchcliff Energy has a 52-week low of C$5.42 and a 52-week high of C$12.48. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 8.79. The business has a fifty day moving average of C$9.63 and a two-hundred day moving average of C$10.04. The stock has a market cap of C$2.45 billion and a price-to-earnings ratio of 3.69.

Birchcliff Energy (TSE:BIR – Get Rating) last posted its earnings results on Wednesday, November 9th. The oil and natural gas company reported C$0.89 earnings per share for the quarter, beating the consensus estimate of C$0.53 by C$0.36. The firm had revenue of C$339.53 million during the quarter, compared to analysts’ expectations of C$374.90 million. As a group, research analysts anticipate that Birchcliff Energy will post 1.8200001 earnings per share for the current year.

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.