Birchcliff Energy Ltd. (BIR) Price Target Increased to C$12.00 by Analysts at RBC Capital Markets
Birchcliff Energy Ltd. (TSE:BIR) had its price target upped by analysts at RBC Capital Markets from C$11.00 to C$12.00 in a note issued to investors on Thursday. RBC Capital Markets’ target price would suggest a potential upside of 31.00% from the company’s current price.
Other analysts have also issued research reports about the company. Scotiabank reaffirmed a “focus stock” rating and issued a C$12.00 price target on shares of Birchcliff Energy in a research note on Thursday, August 11th. Raymond James Financial Inc. raised their price target on Birchcliff Energy from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, August 11th. Canaccord Genuity raised their price target on Birchcliff Energy from C$11.50 to C$12.00 in a research note on Monday, July 25th. Royal Bank Of Canada increased their price objective on Birchcliff Energy from C$8.00 to C$9.00 in a report on Thursday, July 14th. Finally, TD Securities decreased their price objective on Birchcliff Energy from C$12.00 to C$5.00 and set a “buy” rating for the company in a report on Thursday, July 14th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Birchcliff Energy has a consensus rating of “Buy” and a consensus price target of C$9.75.
Shares of Birchcliff Energy (TSE:BIR) traded up 3.06% during trading on Thursday, reaching $9.44. 943,084 shares of the company’s stock were exchanged. The company’s market capitalization is $2.48 billion. The company has a 50 day moving average price of $8.96 and a 200-day moving average price of $7.15. Birchcliff Energy has a 52-week low of $2.85 and a 52-week high of $9.89.
About Birchcliff Energy
Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.
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