Raymond James Financial Trims Birchcliff Energy (BIR) Target Price to C$5.25
Several other equities analysts have also recently commented on BIR. National Bank Financial reduced their target price on Birchcliff Energy from C$8.00 to C$7.00 and set an outperform rating for the company in a research report on Tuesday, January 9th. BMO Capital Markets cut Birchcliff Energy from an outperform rating to a market perform rating and reduced their target price for the stock from C$7.50 to C$4.00 in a research report on Thursday, January 11th. Finally, CIBC reduced their target price on Birchcliff Energy from C$7.50 to C$6.00 in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Birchcliff Energy currently has a consensus rating of Buy and an average target price of C$8.90.
Birchcliff Energy (TSE:BIR) opened at C$3.20 on Monday. Birchcliff Energy has a 52-week low of C$3.13 and a 52-week high of C$8.37. The company has a market capitalization of $860.65, a PE ratio of -12.80 and a beta of 0.18.
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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