Birchcliff Energy (TSE:BIR) had its target price hoisted by Raymond James from C$6.00 to C$6.50 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the oil and natural gas company’s stock. Raymond James’ price target suggests a potential upside of 66.67% from the company’s current price.
Other equities analysts have also issued reports about the stock. Eight Capital raised their target price on shares of Birchcliff Energy from C$4.50 to C$4.75 in a research report on Thursday, February 14th. Haywood Securities lowered their target price on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research report on Thursday, January 17th. Canaccord Genuity raised their target price on shares of Birchcliff Energy from C$4.25 to C$5.50 in a research report on Tuesday, April 9th. GMP Securities raised their target price on shares of Birchcliff Energy from C$5.50 to C$6.25 in a research report on Thursday, March 14th. Finally, TD Securities lowered their target price on shares of Birchcliff Energy from C$7.50 to C$7.00 and set an “action list buy” rating on the stock in a research report on Friday, February 15th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$6.29.
Shares of Birchcliff Energy stock opened at C$3.90 on Thursday. The company has a market capitalization of $1.03 billion and a price-to-earnings ratio of 10.57. Birchcliff Energy has a 52 week low of C$2.57 and a 52 week high of C$5.45. The company has a debt-to-equity ratio of 36.89, a quick ratio of 0.68 and a current ratio of 1.20.
Birchcliff Energy (TSE:BIR) last announced its quarterly earnings results on Wednesday, February 13th. The oil and natural gas company reported C$0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.13 by C$0.14. The company had revenue of C$154.72 million during the quarter, compared to analysts’ expectations of C$174.00 million. Analysts anticipate that Birchcliff Energy will post 0.32 EPS for the current fiscal year.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other assets located in the Peace River Arch area of Alberta.
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