Birchcliff Energy Ltd. (BIR) Receives C$7.16 Consensus Price Target from Brokerages
Birchcliff Energy Ltd. (TSE:BIR) has been assigned an average rating of “Buy” from the twelve analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is C$7.08.
Several research analysts recently weighed in on the stock. GMP Securities cut their target price on shares of Birchcliff Energy from C$7.25 to C$6.25 in a research note on Friday, November 16th. Raymond James lowered their price target on Birchcliff Energy from C$7.25 to C$7.00 in a report on Friday, October 5th. CIBC lifted their price target on Birchcliff Energy from C$6.00 to C$6.50 in a report on Wednesday, August 15th. Royal Bank of Canada lifted their price target on Birchcliff Energy from C$6.00 to C$7.00 in a report on Wednesday, August 15th. Finally, BMO Capital Markets lifted their price target on Birchcliff Energy from C$5.00 to C$5.50 in a report on Wednesday, August 15th.
In other news, insider David Humphreys sold 8,200 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of C$4.40, for a total transaction of C$36,080.00. Also, insider Myles Bosman bought 9,300 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were purchased at an average price of C$3.97 per share, with a total value of C$36,921.00.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces natural gas, light oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other natural gas, crude oil, and natural gas liquids assets located in the Peace River Arch area of Alberta.
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