Raymond James restated their strong-buy rating on shares of Birchcliff Energy (TSE:BIR) in a research report report published on Friday morning, BayStreet.CA reports. Raymond James currently has a C$4.50 target price on the oil and natural gas company’s stock.
A number of other equities research analysts have also commented on BIR. GMP Securities dropped their price objective on shares of Birchcliff Energy from C$4.25 to C$4.00 in a report on Thursday, August 15th. National Bank Financial cut their price objective on shares of Birchcliff Energy from C$4.50 to C$4.00 and set an outperform rating on the stock in a research report on Wednesday, October 2nd. TD Securities lowered shares of Birchcliff Energy from an action list buy rating to a buy rating and set a C$5.00 target price for the company. in a research note on Wednesday, October 9th. Finally, CIBC lowered their target price on Birchcliff Energy from C$4.00 to C$3.50 in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Birchcliff Energy presently has a consensus rating of Buy and a consensus target price of C$4.61.
BIR traded up C$0.11 during trading on Friday, reaching C$2.41. The company had a trading volume of 2,004,006 shares, compared to its average volume of 1,077,079. The company has a market cap of $640.90 million and a P/E ratio of 21.14. Birchcliff Energy has a 12 month low of C$1.69 and a 12 month high of C$4.00. The company has a debt-to-equity ratio of 41.06, a current ratio of 0.43 and a quick ratio of 0.38. The business’s fifty day moving average price is C$2.14 and its 200 day moving average price is C$2.42.
Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other assets located in the Peace River Arch area of Alberta.
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