Birchcliff Energy (TSE:BIR)‘s stock had its “outperform” rating reaffirmed by Raymond James in a research report issued to clients and investors on Thursday. They currently have a C$5.00 price objective on the oil and natural gas company’s stock. Raymond James’ price objective would suggest a potential upside of 34.41% from the company’s previous close.
A number of other analysts have also commented on the company. Royal Bank of Canada decreased their target price on Birchcliff Energy from C$6.00 to C$4.00 in a research report on Tuesday, January 8th. National Bank Financial decreased their target price on Birchcliff Energy from C$7.25 to C$6.00 and set an “outperform” rating for the company in a research report on Monday, December 10th. Haywood Securities decreased their target price on Birchcliff Energy from C$6.50 to C$6.00 in a research report on Thursday, January 17th. GMP Securities decreased their target price on Birchcliff Energy from C$6.25 to C$5.50 in a research report on Thursday, December 13th. Finally, Canaccord Genuity decreased their price objective on Birchcliff Energy from C$6.50 to C$4.25 in a report on Thursday, January 10th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$6.21.
Shares of Birchcliff Energy stock opened at C$3.72 on Thursday. Birchcliff Energy has a one year low of C$2.57 and a one year high of C$5.45. The stock has a market capitalization of $978.46 million and a P/E ratio of 19.08. The company has a debt-to-equity ratio of 40.06, a current ratio of 0.86 and a quick ratio of 0.68.
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.
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