Birchcliff Energy (TSE:BIR) Downgraded by Stifel Firstegy to Hold

Birchcliff Energy (TSE:BIR – Get Rating) was downgraded by Stifel Firstegy from a “buy” rating to a “hold” rating in a research note issued on Thursday, PriceTargets.com reports.

Several other equities analysts also recently commented on the company. Raymond James cut their target price on Birchcliff Energy from C$13.50 to C$12.00 and set an “outperform” rating for the company in a research report on Monday, January 16th. CIBC cut their price objective on Birchcliff Energy from C$10.50 to C$9.00 and set a “neutral” rating for the company in a research report on Thursday. Stifel Nicolaus downgraded Birchcliff Energy from a “buy” rating to a “hold” rating and cut their price objective for the company from C$9.00 to C$8.00 in a research report on Thursday. Royal Bank of Canada cut their price objective on Birchcliff Energy from C$14.00 to C$12.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, ATB Capital cut their price objective on Birchcliff Energy from C$12.50 to C$11.50 in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Birchcliff Energy has an average rating of “Moderate Buy” and a consensus target price of C$11.81.

Birchcliff Energy Price Performance

Birchcliff Energy stock opened at C$7.89 on Thursday. The company has a debt-to-equity ratio of 5.47, a current ratio of 1.05 and a quick ratio of 0.97. The company has a market capitalization of C$2.10 billion, a PE ratio of 3.30, a price-to-earnings-growth ratio of 0.35 and a beta of 2.27. Birchcliff Energy has a one year low of C$6.86 and a one year high of C$12.48. The business has a 50 day simple moving average of C$8.56 and a 200 day simple moving average of C$9.70.

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.