Birchcliff Energy Ltd. (TSE:BIR) had its target price raised by Royal Bank Of Canada from C$11.00 to C$12.00 in a report issued on Thursday morning.

Other equities analysts also recently issued reports about the stock. CIBC boosted their target price on shares of Birchcliff Energy from C$7.00 to C$10.00 in a report on Thursday, July 14th. RBC Capital Markets boosted their target price on shares of Birchcliff Energy from C$11.00 to C$12.00 in a report on Thursday. Canaccord Genuity boosted their target price on shares of Birchcliff Energy from C$11.50 to C$12.00 in a report on Monday, July 25th. TD Securities boosted their target price on shares of Birchcliff Energy from C$12.00 to C$12.50 and gave the stock a buy rating in a report on Thursday, August 11th. Finally, Scotiabank restated a focus stock rating and set a C$12.00 target price on shares of Birchcliff Energy in a report on Monday, August 22nd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Birchcliff Energy presently has a consensus rating of Buy and a consensus price target of C$10.05.

Shares of Birchcliff Energy (TSE:BIR) traded up 0.32% during mid-day trading on Thursday, reaching $9.43. 75,686 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $8.97 and its 200-day moving average is $7.17. Birchcliff Energy has a 52-week low of $2.85 and a 52-week high of $9.89. The stock’s market cap is $2.48 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.

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