Cormark Equities Analysts Lift Earnings Estimates for Birchcliff Energy Ltd. (BIR)
Birchcliff Energy Ltd. (TSE:BIR) – Equities researchers at Cormark increased their FY2017 earnings per share estimates for shares of Birchcliff Energy in a report released on Thursday. Cormark analyst G. Ursu now expects that the firm will earn $0.27 per share for the year, up from their previous forecast of $0.26.
BIR has been the subject of a number of other research reports. Royal Bank Of Canada lifted their target price on shares of Birchcliff Energy from C$11.00 to C$12.00 in a research note on Thursday, October 13th. Scotiabank reissued a “focus stock” rating and set a C$12.00 target price on shares of Birchcliff Energy in a research note on Monday, August 22nd. RBC Capital Markets lifted their target price on shares of Birchcliff Energy from C$11.00 to C$12.00 in a research note on Thursday, October 13th. CIBC lifted their target price on shares of Birchcliff Energy from C$10.00 to C$11.50 in a research note on Wednesday, July 20th. Finally, TD Securities lifted 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 research note on Thursday, August 11th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$10.35.
Shares of Birchcliff Energy (TSE:BIR) opened at 8.27 on Friday. Birchcliff Energy has a 12 month low of $2.85 and a 12 month high of $9.97. The firm’s 50-day moving average is $9.00 and its 200 day moving average is $7.80. The company’s market capitalization is $1.90 billion.
Birchcliff Energy Company Profile
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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