Birchcliff Energy Ltd. (BIR) Price Target Raised to C$12.00
Birchcliff Energy Ltd. (TSE:BIR) had its price objective boosted by Royal Bank Of Canada from C$11.00 to C$12.00 in a research note issued to investors on Thursday, StockTargetPrices.com reports.
Other analysts have also recently issued research reports about the stock. CIBC boosted their price objective on shares of Birchcliff Energy from C$7.00 to C$10.00 in a research note on Thursday, July 14th. RBC Capital Markets upped their price target on shares of Birchcliff Energy from C$11.00 to C$12.00 in a research report on Thursday, October 13th. Canaccord Genuity upped their price target on shares of Birchcliff Energy from C$11.50 to C$12.00 in a research report on Monday, July 25th. TD Securities upped their price target on shares of Birchcliff Energy from C$12.00 to C$12.50 and gave the company a buy rating in a research report on Thursday, August 11th. Finally, Scotiabank reaffirmed a focus stock rating and set a C$12.00 price target on shares of Birchcliff Energy in a research report on Monday, August 22nd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of C$10.05.
Shares of Birchcliff Energy (TSE:BIR) opened at 9.20 on Thursday. The company has a 50 day moving average price of $9.01 and a 200-day moving average price of $7.28. Birchcliff Energy has a 52-week low of $2.85 and a 52-week high of $9.89. The firm’s market cap is $2.42 billion.
Birchcliff Energy Company Profile
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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