Birchcliff Energy (TSE:BIR) Price Target Cut to C$7.75

Birchcliff Energy (TSE:BIR – Get Free Report) had its target price dropped by equities researchers at Stifel Nicolaus from C$8.50 to C$7.75 in a research note issued on Monday, BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential downside of 2.15% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Raymond James increased their price objective on Birchcliff Energy from C$10.50 to C$11.50 and gave the stock an “outperform” rating in a research report on Friday, September 8th. National Bankshares increased their price objective on Birchcliff Energy from C$9.25 to C$9.75 and gave the stock an “outperform” rating in a research report on Thursday, October 12th. Finally, BMO Capital Markets cut Birchcliff Energy from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from C$8.75 to C$9.00 in a research report on Thursday, July 13th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Birchcliff Energy presently has an average rating of “Hold” and an average price target of C$10.38.

Get Birchcliff Energy alerts:

Get Our Latest Stock Analysis on BIR

Birchcliff Energy Stock Up 0.3 %

BIR opened at C$7.92 on Monday. Birchcliff Energy has a 1-year low of C$7.17 and a 1-year high of C$11.28. The stock’s fifty day simple moving average is C$8.02 and its 200 day simple moving average is C$7.91. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 12.77. The stock has a market cap of C$2.11 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 0.35 and a beta of 2.19.

Birchcliff Energy (TSE:BIR – Get Free Report) last posted its quarterly earnings results on Thursday, August 10th. The oil and natural gas company reported C$0.16 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.13. The business had revenue of C$171.29 million for the quarter, compared to analysts’ expectations of C$159.90 million. Birchcliff Energy had a return on equity of 13.96% and a net margin of 27.12%. As a group, research analysts expect that Birchcliff Energy will post 0.8980747 earnings per share for the current year.

About Birchcliff Energy

(Get Free Report)

Birchcliff Energy Ltd., an intermediate oil and natural gas company, acquires, explores for, develops, and produces natural gas, light oil, condensate, and other 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.

Recommended Stories

• Five stocks we like better than Birchcliff Energy
• The Role Economic Reports Play in a Successful Investment Strategy
• Analysts Recommend These Stocks To Cushion The Automotive Slump
• What is a SEC Filing?
• Hyatt Hotels Earning Analysts Love, Buy The Dip?
• 3 Tickers Leading a Meme Stock Revival
• Business is Good for Lockheed Martin; Shares are Ready to Soar.

Receive News & Ratings for Birchcliff Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Birchcliff Energy and related companies with MarketBeat.com's FREE daily email newsletter.