Birchcliff Energy (BIR) Earns Outperform Rating from Raymond James

Share on StockTwits

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.

Birchcliff Energy (TSE:BIR) last issued its earnings results on Wednesday, February 13th. The oil and natural gas company reported C$0.27 EPS for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.14. The firm had revenue of C$154.72 million during the quarter, compared to the consensus estimate of C$174.00 million. Analysts expect that Birchcliff Energy will post 0.339999976209914 EPS for the current fiscal year.

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.

See Also: What is a back-end load?

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.



Latest News

Birchcliff Energy  Earns Outperform Rating from Raymond James
Birchcliff Energy Earns Outperform Rating from Raymond James
A P MOLLER-MAER/ADR  Stock Rating Lowered by Zacks Investment Research
A P MOLLER-MAER/ADR Stock Rating Lowered by Zacks Investment Research
BioMerieux  Upgraded at Zacks Investment Research
BioMerieux Upgraded at Zacks Investment Research
Q1 2019 Earnings Forecast for Hudbay Minerals Inc  Issued By Cormark
Q1 2019 Earnings Forecast for Hudbay Minerals Inc Issued By Cormark
Engie  PT Set at €15.00 by Kepler Capital Markets
Engie PT Set at €15.00 by Kepler Capital Markets
Head-To-Head Review: Puxin  vs. Laureate Education
Head-To-Head Review: Puxin vs. Laureate Education


Leave a Reply

© 2006-2019 Ticker Report