Birchcliff Energy Ltd. (BIR) Set to Announce Quarterly Earnings on Thursday
Birchcliff Energy Ltd. (TSE:BIR) is scheduled to be releasing its earnings data after the market closes on Thursday, August 10th. Analysts expect Birchcliff Energy to post earnings of $0.08 per share for the quarter.
Birchcliff Energy Ltd. (TSE BIR) opened at 5.57 on Tuesday. The firm has a 50-day moving average price of $5.96 and a 200 day moving average price of $6.91. The company has a market cap of $1.48 billion and a P/E ratio of 92.83. Birchcliff Energy Ltd. has a 12 month low of $5.33 and a 12 month high of $10.50.
Several equities research analysts recently issued reports on the company. National Bank Financial cut their price objective on Birchcliff Energy from C$10.00 to C$9.25 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. Royal Bank Of Canada boosted their price objective on Birchcliff Energy from C$9.00 to C$11.00 in a report on Thursday, July 20th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$12.00.
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In related news, insider Bruno P. Geremia bought 5,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost of C$6.66 per share, with a total value of C$33,300.00. Also, insider Bruno P. Geremia bought 10,000 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were bought at an average cost of C$6.75 per share, with a total value of C$67,500.00. Insiders purchased a total of 29,000 shares of company stock worth $194,722 in the last quarter.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces oil and natural gas, light oil, and natural gas liquids in Western Canada. The company principally holds interests in the Peace River Arch area of Alberta, which produces natural gas and oil in the Western Canadian Sedimentary Basin.
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