Several other research firms have also recently issued reports on BIR. Royal Bank Of Canada reiterated an “outperform” rating and set a C$13.00 target price on shares of Birchcliff Energy in a research report on Thursday. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a C$13.00 target price on shares of Birchcliff Energy in a research note on Thursday. Canaccord Genuity upped their target price on Birchcliff Energy from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, November 10th. BMO Capital Markets boosted their price target on Birchcliff Energy from C$12.00 to C$13.00 in a report on Wednesday, December 21st. Finally, RBC Capital Markets boosted their price target on Birchcliff Energy from C$11.00 to C$12.00 in a report on Thursday, October 13th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Birchcliff Energy has an average rating of “Buy” and a consensus price target of C$12.64.
Birchcliff Energy Ltd. (TSE:BIR) had its price target hoisted by TD Securities from C$13.50 to C$14.00 in a research note issued on Thursday. TD Securities’ target price points to a potential upside of 76.10% from the company’s previous close.
Birchcliff Energy (TSE:BIR) traded up 7.72% during midday trading on Thursday, hitting $7.95. The company had a trading volume of 4,578,910 shares. The stock’s 50-day moving average price is $8.51 and its 200-day moving average price is $8.90. Birchcliff Energy has a 52-week low of $4.04 and a 52-week high of $10.50. The stock’s market cap is $2.09 billion.
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.