Birchcliff Energy Ltd. (BIR) Receives C$7.54 Consensus Target Price from Brokerages

Share on StockTwits

Shares of Birchcliff Energy Ltd. (TSE:BIR) have been assigned a consensus rating of “Buy” from the thirteen research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$7.54.

Several equities analysts recently issued reports on BIR shares. TD Securities boosted their target price on shares of Birchcliff Energy from C$6.00 to C$6.50 in a report on Thursday, May 10th. Royal Bank of Canada boosted their target price on shares of Birchcliff Energy from C$5.00 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, May 10th. Canaccord Genuity boosted their target price on shares of Birchcliff Energy from C$6.50 to C$7.00 in a report on Thursday, May 10th. Raymond James boosted their target price on shares of Birchcliff Energy from C$6.25 to C$6.75 in a report on Thursday, July 5th. Finally, Industrial Alliance Securities boosted their target price on shares of Birchcliff Energy from C$6.50 to C$7.00 in a report on Wednesday, August 15th.

Shares of TSE:BIR traded down C$0.13 during mid-day trading on Friday, reaching C$4.42. 998,126 shares of the company’s stock were exchanged, compared to its average volume of 1,931,064. Birchcliff Energy has a twelve month low of C$2.90 and a twelve month high of C$6.46.

About Birchcliff Energy

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.

Recommended Story: Technical Analysis

Analyst Recommendations for Birchcliff Energy (TSE:BIR)

Receive News & Ratings for Birchcliff Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Birchcliff Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply