Birchcliff Energy (TSE:BIR) PT Raised to C$5.50

Birchcliff Energy (TSE:BIR) had its price target boosted by equities research analysts at Canaccord Genuity Group from C$5.25 to C$5.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the oil and natural gas company’s stock. Canaccord Genuity Group’s price objective would indicate a potential downside of 1.08% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. TD Securities cut their target price on shares of Birchcliff Energy from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research report on Thursday, January 18th. National Bankshares downgraded shares of Birchcliff Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$9.25 to C$6.50 in a research report on Wednesday, January 10th. CIBC boosted their target price on shares of Birchcliff Energy from C$5.00 to C$5.75 in a research report on Thursday, March 14th. Stifel Nicolaus decreased their price target on shares of Birchcliff Energy from C$6.50 to C$5.00 and set a “hold” rating for the company in a research note on Thursday, January 18th. Finally, ATB Capital decreased their price target on shares of Birchcliff Energy from C$8.00 to C$7.50 in a research note on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Birchcliff Energy presently has a consensus rating of “Hold” and a consensus price target of C$6.36.

Birchcliff Energy Trading Up 4.5 %

TSE:BIR traded up C$0.24 during mid-day trading on Wednesday, hitting C$5.56. 2,717,164 shares of the company’s stock were exchanged, compared to its average volume of 1,637,629. The company has a 50 day simple moving average of C$5.36 and a 200-day simple moving average of C$6.11. The company has a current ratio of 0.91, a quick ratio of 0.97 and a debt-to-equity ratio of 17.29. Birchcliff Energy has a fifty-two week low of C$4.61 and a fifty-two week high of C$8.68. The firm has a market capitalization of C$1.49 billion, a P/E ratio of 139.00, a PEG ratio of 0.35 and a beta of 2.04.

Birchcliff Energy (TSE:BIR) last posted its earnings results on Wednesday, February 14th. The oil and natural gas company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.09). Birchcliff Energy had a return on equity of 0.42% and a net margin of 1.40%. The business had revenue of C$183.30 million for the quarter. As a group, research analysts expect that Birchcliff Energy will post 0.0898464 earnings per share for the current year.

Insider Activity at Birchcliff Energy

In related news, Senior Officer Christopher Andrew Carlsen sold 200,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of C$5.00, for a total transaction of C$1,000,000.00. 1.50% of the stock is owned by company insiders.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.