Birchcliff Energy Ltd. (TSE:BIR) Forecasted to Post Q3 2018 Earnings of $0.03 Per Share

Birchcliff Energy Ltd. (TSE:BIR) – Stock analysts at Cormark boosted their Q3 2018 EPS estimates for Birchcliff Energy in a research report issued on Thursday, May 10th, Zacks Investment Research reports. Cormark analyst G. Ursu now forecasts that the oil and natural gas company will post earnings per share of $0.03 for the quarter, up from their previous forecast of $0.02. Cormark also issued estimates for Birchcliff Energy’s Q4 2018 earnings at $0.14 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.10 EPS and Q4 2019 earnings at $0.14 EPS.

Other equities research analysts have also issued research reports about the company. TD Securities upped their target price on Birchcliff Energy from C$6.00 to C$6.50 in a research note on Thursday, May 10th. Eight Capital upped their target price on Birchcliff Energy from C$5.00 to C$5.35 in a research note on Wednesday, April 4th. Royal Bank of Canada upped their target price on Birchcliff Energy from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, May 10th. Scotiabank upped their target price on Birchcliff Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Wednesday, April 4th. Finally, Raymond James upped their target price on Birchcliff Energy from C$5.25 to C$6.25 and gave the company an “outperform” rating in a research note on Wednesday, April 4th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Birchcliff Energy presently has an average rating of “Buy” and an average target price of C$6.78.

Shares of TSE:BIR opened at C$4.71 on Monday. Birchcliff Energy has a 12 month low of C$2.90 and a 12 month high of C$6.89.

In other Birchcliff Energy news, insider David Humphreys purchased 16,000 shares of the business’s stock in a transaction on Monday, March 12th. The stock was bought at an average cost of C$3.04 per share, for a total transaction of C$48,640.00. Insiders acquired a total of 32,125 shares of company stock valued at $130,372 over the last quarter.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces natural gas, light oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other natural gas, crude oil, and natural gas liquids assets located in the Peace River Arch area of Alberta.

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Earnings History and Estimates for Birchcliff Energy (TSE:BIR)

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